An esteemed figure in the field of finance, Philip Fisher sits among the most influential and successful investors in the industry. His financial philosophies, principles, and practices are heavily gleaned and reflected in his works. As his works were introduced almost 4 decades ago, these still hold much command and power that investors and financial professionals study and apply such into practice. Beyond the practice of such, his revolutionary teachings were of great advantage that the majority of market participants consider it a holy grail.
Possessing great amount of authority in trading and investment principles and practices, Common Stocks and Uncommon Profits and Other Writings by Philip A. Fisher became the number one primer ever since it was published back in 1958. In this updated edition, the author made it possible to retain the previous edition’s teachings, all while adding up and enforcing the employment of knowledge through presented perspectives and insights of Ken Fisher, an investment professional.
What makes this book a go-to guide is its clear differentiation of stock traders from a stock investor. Together with putting up a distinction, he also gave out methods on how to analyze the market, what to buy, and an ideal time to buy it. As one needs to understand the stock market fully, the author added discussions about the stock movement.
ABOUT THE AUTHOR
Philip Arthur Fisher is known as an American stock investor who came into popularity after the debut of his best-selling book, Common Stocks and Uncommon Profits. The publication of the said book put Fisher on a pedestal as his work is treated as a bible in the field of finance.
He was a college dropout from the newly established Stanford Graduate School of Business. After his decision, he began working as a securities analyst at Anglo-London Bank in San Francisco. Following this pursuit, he worked in Stock Exchange Company prior to creating his financial management firm called Fisher & Co, established back in 1931.
TABLE OF CONTENTS
Preface-What I Learned from My Father’s Writings
Part 1- Common Stocks and Uncommon Profits
- Clues from the Past
- What “ScuttleButt” Can Do
- What to Buy: The Fifteen Points to Look for in a Common Stock
- What to Buy: Applying This to Your Own Needs
- When to Buy
- When to Sell and When Not To
- The Hullabaloo about Dividends
- Five Don’ts for Investors
- Five More Don’ts for Investors
- How I Go about Finding a Growth Stock
- Summary and Conclusion
Part 2- Conservative Investors Sleep Well
- The First Dimension of a Conservative Investment
- The second Dimension
- The Third Dimension
- The Fourth Dimension
- More about the Fourth Dimension
- Still More about the fourth Dimension
Part 3- Developing an investment Philosophy
Dedication to Frank E. Block
- Origins of a Philosophy
- Learning from Experience
- The Philosophy Matures
- Is the Market Efficient?
Appendix Key factors in evaluating Promising Firms