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Billionaire Ken Fisher Explains His Biases

By Mike Shedlock on 08/20/2010 – 12:36 pm PDT2 Comments

Ken Fisher says high levels of pessimism are a reason to buy stocks. Please consider Kenneth Fisher Recommends Stocks as Pessimism Surges.

Rising levels of investor pessimism are a reason to buy equities now, billionaire Kenneth Fisher said today.

“I’m never going to be bearish when people are pessimistic,” Fisher, who oversees $35 billion from Woodside, California, said in an interview on “Bloomberg Surveillance” with Tom Keene. “My bias when pessimism is high is to own equities.”

Explaining Ken Fisher’s Bias

Ken Fisher’s bias is to own stocks come hell or high water. Fisher’s recommendations have as much to do with optimism or pessimism as the planet Pluto does with an octopus.

Fisher makes money being perpetually bullish on equities.

It is amazing how much money one can make mismanaging money in conjunction with a remarkably successful advertising program. It certainly helps that Fisher peddles advice that people and pension funds want to hear.

Mike “Mish” Shedlock
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Mike “Mish” Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
Visit to learn more about wealth management and capital preservation strategies of Sitka Pacific.

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  • schwartzie says:

    What is the track record for what “mish” has to say? I’d guess not great since when you go to his website he doesn’t archive posts back that far. A good way to keep people from calling you out when you’re wrong

    • Elsie King says:

      “Mish” dishes it out, but can’t take it. He doesn’t even allow comments on his site. Why? He doesn’t want people calling him out when he’s wrong. What an asshole. He was wrong wrong wrong all of 2009. Has he ever admitted that?

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