You may have seen my firm's ads screaming, 'I Hate Annuities.' Folks ask why we run them. Simple: Because I do. Kenneth Fisher annuityfirmfolk Change image and share on social
In the world I've known most of my life, old stories quickly lose their power over capital markets and get replaced by new surprises. That which everyone fixates on gets priced into the stock market quickly and can't drag on. Kenneth Fisher capitaldragfixate share on social
Normally, the market peaks before bad news emerges. That's what happened in 1929, and that's what happened in 2000. Kenneth Fisher bademergehappen Change image and share on social
Normally, if you have a huge category that leads a bear market all the way down to the bottom - like tech after 2000, or energy in the '80-'82 bear market - you get one quick pop, and then years of lag as we fight the old war. Kenneth Fisher bearbottomcategory share on social
I'm sometimes accused of being hostile to mutual funds. That's not fair, really. There is a place for them. Still, I am hostile to one thing, which is trying to use funds to time your way in and out of the market. That's a recipe for very bad results. Kenneth Fisher accusebadfair share on social
Italians have always had a high savings rate. They love putting their money into their own government bonds - even more than in houses, stocks and gold. The higher rates climb, the happier they are to invest. So if austerity plans drive rates up, it's music to Italian ears. Kenneth Fisher austeritybondclimb share on social
I can find only one bull market, in 1935, that didn't have some material indigestion within its first 12 months. Kenneth Fisher bullfindindigestion Change image and share on social
Investors covet past improvements but also always believe pricing unimaginable future creativity and efficiency gains is Pollyannaish. And they're always wrong. Bet on it. Kenneth Fisher betcovetcreativity Change image and share on social
Long before folks fretted the demise of 'quantitative easing,' I fretted its existence. It proved the reverse of its image, an antistimulus, and we've done okay not because of it, but despite it. Kenneth Fisher antistimulusdemiseease Change image and share on social
Fundamentally cheap stocks are often held in low regard by market participants. Something may be tainting their perception in investors' minds. Kenneth Fisher cheapfundamentallyhold Change image and share on social