Ken Fisher Marks 30th Forbes Anniversary
July 8, 2014 - Camas, WA
The July 21st issue of Forbes magazine marks Ken Fisher's 30th year writing for the publication. Ken Fisher's very first column, "Cherchez the Sales Rep," was published on July 16, 1984, the same year he published his first best-selling book Super Stocks. 389 columns later, he continues to write the monthly Portfolio Strategy column and is one of Forbes' most tenured contributors -- the third longest-running columnist in the publication's 97-year history.
Fisher's longevity is underpinned by his insightful, concise and often witty observations on investing, markets, stocks, economics and politics -- anything and everything to help readers become better investors. He's seen everything from the stock market crash of 1987, the great bull markets of the 1980s and 1990s, to the Tech bubble of 2000 and the global market meltdown of 2008.
"Looking back, 1984 seems remote," Fisher writes in his latest Forbes column. "The Berlin Wall stood firm. Crack cocaine, minivans and Apple's Mac first appeared." But though some of his thinking has evolved over the years, Fisher's steadfast belief in capitalism has helped shape the investment guru he is today. "All equity categories, correctly calculated, create near identical lifelong returns. They just get there via wildly differing paths," he continues. "Believing otherwise disbelieves capitalism and markets -- do so at your own mortal soul's peril. Over time I've come evermore to believe in capitalism and less in most else."
Throughout the years, Fisher has made numerous market calls through the pages of Forbes -- and while his record isn't perfect, he earned a respectable reputation for his forecasting capability. Independent third-party CXO Advisory Group evaluated the accuracy of various experts in predicting the direction of the U.S. stock market. In its final "Guru Grades" report, CXO ranked Fisher 2nd out of nearly 70 industry pundits based on forecasts made in his Portfolio Strategy columns.*
Fisher's Forbes columns were chronicled in the book, The Making of a Market Guru: Forbes Presents 25 Years of Ken Fisher (John Wiley & Sons, May 2010). Current columns are available at Forbes.com, and an archive dating back to 1997 is available at the Fisher Investments website.
About Ken Fisher
Ken Fisher is the founder, Chairman and CEO of Fisher Investments, an independent money management firm overseeing tens of billions for individuals and institutions globally. He is ranked #243 on the 2014 Forbes 400 list of richest Americans and #725 on the 2014 Forbes Global Billionaire list. In 2010, Investment Advisor magazine named him among the 30 most influential investors of the last three decades. He has been writing the prestigious Portfolio Strategy column for Forbes for 30 years and is the third longest-running columnist in the magazine's 97-year history. He has published 10 finance and investing books, including 4 New York Times bestsellers -- all published by Wiley. He has also authored numerous professional and scholarly articles, including the award-winning "Cognitive Biases in Market Forecasting," and has been interviewed and/or written about in many major American, British and German finance or business periodicals. He has a monthly column in the Financial Times and a weekly column in Focus Money, Germany's leading weekly finance and business magazine.
*www.cxoadvisory.com/gurus. Based on a report completed in 2013 by CXO Advisory Group. The final report, titled "Guru Grades," contains accuracy ratings for 68 forecasters collected over a period from 2005 to 2012 including market forecasts by Ken Fisher as published in Forbes. Ken Fisher's market forecasts in Forbes represent his personal forecasts of the overall market and are not an indication of the performance of Fisher Investments or its clients. Not all forecasts may be as accurate as those in the past. Investing in securities involves the risk of loss. Past performance is no guarantee of future results.