You may have seen my firm's ads screaming, 'I Hate Annuities.' Folks ask why we run them. Simple: Because I do. — Kenneth Fisher Copy Share Image
I can find only one bull market, in 1935, that didn't have some material indigestion within its first 12 months. — Kenneth Fisher Copy Share Image
Buy into good, well-researched companies and then wait. Let's call it a sit-on-your-hands investment strategy. — Kenneth Fisher Copy Share Image
The average mutual fund holding period for equity or fixed income is only about three years. It's too short. — Kenneth Fisher Copy Share Image
A constant in my approach to investing: You should think politically but unconventionally. — Kenneth Fisher Copy Share Image
What is the most common investor mistake? Trading - getting in and getting out at all the wrong times, for all the… — Kenneth Fisher Copy Share Image
Both cheap value stocks and more glamorous growth stocks can work well in a portfolio - if done right. — Kenneth Fisher Copy Share Image
Over rolling long periods, U.S. and non-U.S. stocks tend to equalize. — Kenneth Fisher Copy Share Image
I'm sometimes accused of being hostile to mutual funds. That's not fair, really. There is a place for them. Still, I am… — Kenneth Fisher Copy Share Image
One component of the leading economic indicators is the yield curve. Bond investors keep a close eye on this, as it illustrates… — Kenneth Fisher Copy Share Image
Back in the '60s and '70s, data were scarce, and while analysts knew that companies with fat gross margins lagged those with… — Kenneth Fisher Copy Share Image
In history, the evidence is overwhelming: Stock market bottoms happen, and then stocks jolt upwards while the economy keeps getting worse -… — Kenneth Fisher Copy Share Image
If some stock categories get too hot-and-pricey, mass supply is created via stock offerings to tap that cheap money - and, when… — Kenneth Fisher Copy Share Image
If you are prepared for some risk, junk bonds pay about 5%, but they tend to get whacked when interest rates rise.… — Kenneth Fisher Copy Share Image
Investors covet past improvements but also always believe pricing unimaginable future creativity and efficiency gains is Pollyannaish. And they're always wrong. Bet… — Kenneth Fisher Copy Share Image
I never liked quantitative easing. It's misunderstood by almost everybody. Flattening the yield curve is not stimulative; flattening the yield curve is… — Kenneth Fisher Copy Share Image
If you can predict where the market's going, just do what you can predict. If you can't, which is the presumption of… — Kenneth Fisher Copy Share Image
My advice is this: If you want to buy funds, buy no-loads, because you'll spare yourself the commission. But every time you… — Kenneth Fisher Copy Share Image
Hundreds of investors ask me questions each year about the dilemmas they confront. Their worst problem? Uncertainty. They are traumatized and become… — Kenneth Fisher Copy Share Image
Normally, the market peaks before bad news emerges. That's what happened in 1929, and that's what happened in 2000. — Kenneth Fisher Copy Share Image
All equity categories, correctly calculated, create near-identical lifelong returns. They just get there via wildly differing paths. — Kenneth Fisher Copy Share Image
Having different types of stocks in your portfolio can enhance returns. — Kenneth Fisher Copy Share Image
Many follow a rule of thumb - no more than 5% in one stock. But that's not the entrepreneurial road to riches. — Kenneth Fisher Copy Share Image
Indeed, bull markets are fueled by successive waves of prior skeptics finally capitulating as their fears fade. Eventually, fear turns to euphoria,… — Kenneth Fisher Copy Share Image
To me 'The Big Easy' is shorthand for owning big stocks that are easy for wary investors to buy into. These stocks… — Kenneth Fisher Copy Share Image
In the world I've known most of my life, old stories quickly lose their power over capital markets and get replaced by… — Kenneth Fisher Copy Share Image
The upward move at the beginning of a bull market is almost always huge compared with the vacillations late in the bear… — Kenneth Fisher Copy Share Image
The latter part of bull markets are typically led by stocks that are seen then as high quality, but the ones that… — Kenneth Fisher Copy Share Image
People do dollar cost averaging because they have regret of making one big mistake. But the fact of the matter is that,… — Kenneth Fisher Copy Share Image
Plenty of funds have fine long-term returns despite being tax-inefficient and generally costly. But a dirty secret is this: Average, no-load fund… — Kenneth Fisher Copy Share Image
Long before folks fretted the demise of 'quantitative easing,' I fretted its existence. It proved the reverse of its image, an antistimulus,… — Kenneth Fisher Copy Share Image
Normally, if you have a huge category that leads a bear market all the way down to the bottom - like tech… — Kenneth Fisher Copy Share Image
Fundamentally cheap stocks are often held in low regard by market participants. Something may be tainting their perception in investors' minds. — Kenneth Fisher Copy Share Image
Windmills and solar cells are carbon-free sources of electricity. But they are costly. If you've been investing in those, give it up. That game… — Kenneth Fisher Copy Share Image
If you've taken Econ 101, you know that the quantity of money rises only when the banking system makes a net loan. — Kenneth Fisher Copy Share Image
You may have seen my firm's ads screaming, 'I Hate Annuities.' Folks ask why we run them. Simple: Because I do. — Kenneth Fisher Copy Share Image
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… — Kenneth Fisher Copy Share Image
Over rolling long periods, U.S. and non-U.S. stocks tend to equalize. — Kenneth Fisher Copy Share Image
Indeed, bull markets are fueled by successive waves of prior skeptics finally capitulating as their fears fade. Eventually, fear turns to euphoria, and that's… — Kenneth Fisher Copy Share Image
Normally, if you have a huge category that leads a bear market all the way down to the bottom - like tech after 2000,… — Kenneth Fisher Copy Share Image
Both cheap value stocks and more glamorous growth stocks can work well in a portfolio - if done right. — Kenneth Fisher Copy Share Image
Despite its many critics, hydraulic fracturing will change the nature of energy production. — Kenneth Fisher Copy Share Image
If you're 35, 45, or even 55 - you have a very long time horizon - 40 years or vastly more. That is you,… — Kenneth Fisher Copy Share Image
My father, Philip Fisher, was the toughest guy I ever knew. An example: He had terrible teeth, yet he got his fillings done without… — Kenneth Fisher Copy Share Image
