July 24, 2007

The Only Three Questions That Count

Filed under: General Interest, Stock Market, Stocks & ETF, Technical Analysis — tradingfives @ 7:13 am

The Only Three Questions That Count is the first book to show you how to think about investing for yourself and develop innovative ways to understand and profit from the markets. The only way to consistently beat the markets is by knowing something others don’t know. This book will show you how to do just that by using three simple questions. You’ll see why CNBC’s Mad Money host and money manager James J. Cramer says, “I believe that reading his book may be the single best thing you could do this year to make yourself a better investor.

In The Only Three Questions That Count, Ken Fisher challenges the conventional wisdoms of investing, overturns glib theories with hard facts, and blows up complacent beliefs about money and the markets. Ultimately, he says, the key to successful investing is daring to challenge yourself and whatever you believe to be true. Packed with more than 100 visuals, usable tools, and a glossary, The Only Three Questions That Count is an entertaining and educational experience in the markets unlike any other, giving you an opportunity to reap the huge rewards that only the markets can offer.

5 out of 5 stars FABULOUS BOOK July 20, 2007
1 out of 1 found this review helpful

“The Only Three Questions That Count: Investing by Knowing What Others Don’t” by Ken Fisher is the best book I have read on investing in a month of Sundays. Whether you are a pure fundamentalist, a pure technician or a hybrid you will learn a ton about why things happen the way they do in the market and how you can take advantage of it in your investing for your serious money.

All of this and one of the most entertaining books as well! Ken always lets you know that whatever we prognosticate could be wrong so he doesn’t take himself too seriously and won’t let you take yourself too seriously either. It kept my undivided attention for 350 pages!

This book dispels a ton of myths about what causes markets to go up and down and shows you the real reasons that they do. He has the hard evidence there for you. You can see for yourself and not just take his word for it. You come away truly enlightened about what to pay attention to and what to ignore.

BUY IT AND READ IT TWICE!

5 out of 5 stars This book should be part of Finance 101 July 19, 2007
This book is an eye opening look at the myths that the media sells everyday. If you buy into strategies like “Sell in May” or root for the NFC every Superbowl then you need to read this book. I’m just waiting for CNBC to stop selling sensationalism and start talking prudent investing like this book does.

2 out of 5 stars Inconsistent & Unimpressive July 17, 2007
2 out of 2 found this review helpful

Fisher acknowledges that being smarter and better trained is not enough to beat the market based on commonly available news and information. (Page xxiii) Yet he claims that his three questions will allow you to do just that. The inconsistency is breathtaking. By using his three questions, he says, you can know things that others don’t. He is in effect claiming that his three questions will make you smarter than the market, because you will be able to look at publicly available information and then out-think and out-analyze other investors. Sorry, I’m not buying it. Maybe he would be worth paying attention to if his track record were truly outstanding. It isn’t. The book’s Appendix K gives his track record with real investments. His 10 year annualized return is 9.9%, compared to 8.3% for the S&P 500. His return is quite good but not impressive enough to discount the role of luck. What would be impressive? Well, if Fisher really had a handle on beating the market, he ought to be able to beat the market by a convincing margin, say 1000 basis points. Or even 500. Performance that good, or even better, is quite possible. The Olympic standard is Warren Buffet: when he was managing an investment partnership, from 1957 to 1969, he got a return of 29.5% per year before his fee, compared to 7.4% for the Dow. On the other hand, Fisher’s three questions are great questions for stimulating serious thinking. And some of his contrarian arguments are interesting and worth pondering.

5 out of 5 stars The Only Three Questions That Count July 15, 2007
1 out of 1 found this review helpful

Sinple, concise yet complete.Well written and easy to comprehend.
I would recommend it to any potential investor.

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