Common Stocks and Uncommon Profits and Other Writings
Bland, obvious and somewhat outdated. Disappointing given Warren Buffet's recommendation.I was hoping for some good ideas on identifying growth franchises that can be backed for long periods of time - most likely the common ground that Buffet finds with Phil Fisher, but instead I found a lot of obvious, MBA-style wisdom, short of real insight. Very little of what is presented is verifiable or backed up with data. The book is particularly dangerous as the basis of an investment manifesto for
Quick read and informative. Very interesting writing on the way successful companies work in the 1950's (not massively different to today). Touch of the Horatio Alger to stretches of the prose. Fisher basically says he gets all his information from his stockbroking pals which is bad news for any newbies and once sorta tells you to just go to an investment advisor instead of trying it yourself. His focus on information gather correlates with my experience of how difficult it is to find out about
Common Stocks And Uncommon Profits by Philip A. Fisher is a book about investments and how to be successful when investing in stocks. Fisher divides his book into three parts. First with common stocks, conservative investments, and developing an investment philosophy. In these sections Fisher emphasizes what to look for in a growth stock, the characteristics of a profitable business, and how his experiences in the stock market helped to develop his own philosophy. There are many things that I
read only the summarythink long termignore mr marketresearch your companies welllook to buy when there's a temporary drop in the stock priceTo be a successful investor, you have to be willing to dig. A companys true value is based on so much more than its stock price alone! If youre willing to put in the detective work, you stand to reap great rewards no matter whether youre a conservative investor or a high-risk one.
Buy great companies which you never plan to sell. That's the basic concept. The book focuses on and makes some excellent points on the qualitative side of security analysis. It's also a very easy read as quantitive standards aren't really discussed. I will definitely re-read it.
This book challenged me given its emphasis on growth investing and the scuttlebutt approach. I think I struggled with it because I prefer the simplicity and inherent beauty of the value investing methodology. I invest by identifying undervalued assets, analyzing measures of profitability, liquidity, solvency, and cash flow. I parse the balance sheet in particular and income statement and cash flow statement to a lesser extent. Phil Fisher recommends an alternative approach. He prefers to
Philip A. Fisher
Paperback | Pages: 292 pages Rating: 4.13 | 9898 Users | 258 Reviews
Declare Based On Books Common Stocks and Uncommon Profits and Other Writings
Title | : | Common Stocks and Uncommon Profits and Other Writings |
Author | : | Philip A. Fisher |
Book Format | : | Paperback |
Book Edition | : | Special Edition |
Pages | : | Pages: 292 pages |
Published | : | August 29th 2003 by Wiley (first published November 30th 1957) |
Categories | : | Economics. Finance. Business. Nonfiction. Currency. Money |
Representaion As Books Common Stocks and Uncommon Profits and Other Writings
Widely respected and admired, Philip Fisher is among the most influential investors of all time. His investment philosophies, introduced almost forty years ago, are not only studied and applied by today's financiers and investors, but are also regarded by many as gospel. This book is invaluable reading and has been since it was first published in 1958. The updated paperback retains the investment wisdom of the original edition and includes the perspectives of the author's son Ken Fisher, an investment guru in his own right in an expanded preface and introduction "I sought out Phil Fisher after reading his Common Stocks and Uncommon Profits...A thorough understanding of the business, obtained by using Phil's techniques...enables one to make intelligent investment commitments." --Warren BuffetDetails Books In Favor Of Common Stocks and Uncommon Profits and Other Writings
Original Title: | Common Stocks and Uncommon Profits and Other Writings |
ISBN: | 0471445509 (ISBN13: 9780471445500) |
Edition Language: |
Rating Based On Books Common Stocks and Uncommon Profits and Other Writings
Ratings: 4.13 From 9898 Users | 258 ReviewsAssess Based On Books Common Stocks and Uncommon Profits and Other Writings
I try to summarize this book really briefly:This book emphasizes growth. And that's easily understandable when you take fishers's attitude of long-term holding. So, you look for a company with a potential and competence. "it's better to get great company with a good prize than a good company with a great price"Bland, obvious and somewhat outdated. Disappointing given Warren Buffet's recommendation.I was hoping for some good ideas on identifying growth franchises that can be backed for long periods of time - most likely the common ground that Buffet finds with Phil Fisher, but instead I found a lot of obvious, MBA-style wisdom, short of real insight. Very little of what is presented is verifiable or backed up with data. The book is particularly dangerous as the basis of an investment manifesto for
Quick read and informative. Very interesting writing on the way successful companies work in the 1950's (not massively different to today). Touch of the Horatio Alger to stretches of the prose. Fisher basically says he gets all his information from his stockbroking pals which is bad news for any newbies and once sorta tells you to just go to an investment advisor instead of trying it yourself. His focus on information gather correlates with my experience of how difficult it is to find out about
Common Stocks And Uncommon Profits by Philip A. Fisher is a book about investments and how to be successful when investing in stocks. Fisher divides his book into three parts. First with common stocks, conservative investments, and developing an investment philosophy. In these sections Fisher emphasizes what to look for in a growth stock, the characteristics of a profitable business, and how his experiences in the stock market helped to develop his own philosophy. There are many things that I
read only the summarythink long termignore mr marketresearch your companies welllook to buy when there's a temporary drop in the stock priceTo be a successful investor, you have to be willing to dig. A companys true value is based on so much more than its stock price alone! If youre willing to put in the detective work, you stand to reap great rewards no matter whether youre a conservative investor or a high-risk one.
Buy great companies which you never plan to sell. That's the basic concept. The book focuses on and makes some excellent points on the qualitative side of security analysis. It's also a very easy read as quantitive standards aren't really discussed. I will definitely re-read it.
This book challenged me given its emphasis on growth investing and the scuttlebutt approach. I think I struggled with it because I prefer the simplicity and inherent beauty of the value investing methodology. I invest by identifying undervalued assets, analyzing measures of profitability, liquidity, solvency, and cash flow. I parse the balance sheet in particular and income statement and cash flow statement to a lesser extent. Phil Fisher recommends an alternative approach. He prefers to
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