imported>Marcocapelle: removed Category:Finance books; added Category:Books about investing using HotCat

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removed Category:Finance books; added Category:Books about investing using HotCat

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{{Infobox book
| name = The Only Three Questions That Count: Investing by Knowing What Others Don't
| author = [[Kenneth Fisher|Ken Fisher]] with Jennifer Chou and Lara Hoffmans
| image = OTQTC thumb.jpg
| genre = [[Finance]]
| language = English
| publisher = [[John Wiley & Sons]]
| release_date = 2007
| pages = 448
| isbn = 0-470-07499-X
| dewey= 332.6 22
| congress= HG4521 .F585 2007
| oclc= 76836205
}}

'''''The Only Three Questions that Count: Investing by Knowing What Others Don't''''' is a book on [[investing|investment advice]] by Ken Fisher. It was released in December 2006 and spent three months on ''[[The New York Times]]'' list of "Hardcover business bestsellers"
.<ref>{{Cite web|url=https://www.nytimes.com/2007/02/04/books/bestseller/200702besthardbusiness.html|title=The New York Times list of "Hardcover business bestsellers"}}</ref> It was also a ''Wall Street Journal'' and a ''BusinessWeek'' best seller.<ref>[https://web.archive.org/web/20110519141647/http://images.businessweek.com/ss/07/03/0301_bestsellers/source/7.htm BusinessWeek best seller]</ref>

==Overview==
In the book, Fisher says that because the [[stock market]] is a discounter of all widely known information, the only way to make, on average, winning market bets is knowing something most others don’t. The book claims investing should be treated as a science, not a craft, and details a methodology for testing beliefs and uncovering information not widely known or understood. The book’s scientific method consists of asking three questions:

# What do I believe that’s wrong?
# What can I fathom that others can’t?
# What is my brain doing to mislead me?

The first question addresses common investing errors, the second shows how to try to find bettable patterns which others may misinterpret, and the third deals with [[behavioral finance]], pointing out cognitive errors such as overconfidence and [[confirmation bias]].

Other issues covered include high [[P/E ratio]]s; [[debt]]; the [[Government budget deficit|federal budget]], [[balance of trade|trade]], and [[Current account (balance of payments)|current account]] deficits; the [[United States dollar|U.S. dollar]]; high oil prices; [[emerging markets]]; [[gold]]; and the [[U.S. economy]].

==Reception==
Book reviews have appeared in the Financial Times, which stated "you get the impression that its author, Ken Fisher, does not often find himself short of things to say. The stream of consciousness that flows through the book can be distracting but it is impressive and certainly never dull."<ref>{{Cite web|url=http://www.ft.com/cms/s/3b5058aa-7673-11db-8284-0000779e2340,dwp_uuid=d8e9ac2a-30dc-11da-ac1b-00000e2511c8.html|title=Financial Times book review}}</ref> Forbes Magazine which said "Fisher's key insight is that investment is not a craft that can be mastered by merely accumulating information."<ref>[https://web.archive.org/web/20070210095724/http://www.forbes.com/personalfinance/2006/12/14/fisher-gilder-telecosm-pf-guru-in_gg_1214soapbox_inl.html Forbes Magazine book review]</ref> and Canada's National Post which says that the book " dispels more than a dozen ... myths".<ref>{{Cite web|url=http://www.canada.com/nationalpost/financialpost/story.html?id=7922c5c3-b8b8-432f-833c-ddc225d22e82|title=National Post book review}}</ref>

==References==
{{reflist}}

{{DEFAULTSORT:Only Three Questions that Count, The}}
[[Category:Books about investing]]
[[Category:2006 non-fiction books]]
[[Category:Wiley (publisher) books]]

The Only Three Questions That Count - Revision history

imported>Marcocapelle: removed Category:Finance books; added Category:Books about investing using HotCat