"If the facts don’t fit the theory, change the facts." - Albert Einstein
Kenneth L. Fisher is a really smart guy. According to Wikipedia:
Kenneth L. Fisher born November 29, 1950 in San Francisco, California, is founder, Chairman, and CEO of Fisher Investments, an independent global money management firm headquartered in Woodside, California. He writes the monthly “Portfolio Strategy” column in Forbes magazine, where his 22-year tenure makes him the fifth-longest running Forbes columnist in its 89-year history (as of January, 2007). He has authored four books and numerous other articles and scholarly research papers, including research in the new field of Behavioral Finance. Fisher is currently ranked #297 on the 2006 Forbes 400 list of richest Americans.
So what does a smart guy like that have to say about the housing market?
