The Only Three Questions that Count

This is the fourth book by Fisher, a longtime columnist for Forbes magazine. In the book, he maintains 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 dont. 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 books scientific method consists of asking three questions:What do I believe thats wrong? What can I fathom that others cant? What is my brain doing to mislead me? The first question addresses common investing errors, the second shows how to try and 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 ratios; debt; the federal budget, trade, and current account deficits; the U.S. dollar; high oil prices; emerging markets; gold; and the U.S. economy.