I must also highlight the touching intro written by the author's son, Kenneth L. I think I struggled with it because I prefer the simplicity and inherent beauty of the value investing methodology. Want to Read Currently Reading Read.
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Nonetheless, here are some salient points that are worth listing if for no other reason than my own review one day Common Stocks is not in the same league as Ben Graham's, The Intelligent Investor, which in my view can be employed by the average investor improve his long-term performance and is backed by substantial research by the author and subsequent studies.
To get this kind of information and other exclusive articles before regular readers, get on the VIP Mailing List today. Crocs CROX also went through the same issue and I showed the history of the company based on its cash conversion cycle. Again, I wanted to believe Fisher and favor a growth-investing philosophy; but I don't think the empirical data supports his earnestness for a growth over value approach. I invest by identifying undervalued assets, analyzing measures of profitability, liquidity, solvency, and cash flow.
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Jul 24, Iliya Polihronov rated it it was amazing. Conversely, a company with broad margins may not have a great percentage increase as the marginal companies, but in bad times, their margins do not drop significantly as well. Still, of the many investment books, this left me least comprehending how to develop confidence in a growth-type company, nor did it delve uuncommon non-profitable growth. Obviously, when the pay is higher, there is more motivation to do well and the reviews from Stockx help in figuring out how people really view the company.
On the other hand, after having invested in several junior miners, I know how true this number 13 is. Not personally useful to me as the strategy put forth requires proximity and connections to the executive management class and beyond scuttlebutt.
There are many things that I like about this book. He seems to be highly suspicious of diversification.
5 Key Takeaways from Common Stocks & Uncommon Profits
The great investor Phillip Fisher wrote this book more than fifty years ago. Paperbackpages. It further shows that when we believe we have found such a company we had better stick with it prifits a long period of time.
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I can now see why. Please read my disclosure for stockz information. Fisher describes that there are only two times when you should sell: The framework also relies much on qualitative assessment, completely dismisses quantitative and statistical data.
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This ends of keeping you from capturing the full growth potential. Nonetheless, this book challenged me and deserves kudos for its originality and boldness. I like, also, the short autobiography at the end, especially his quotation of Shakespeare: I had assumed prior to reading this book that such an approach would add little value given the difficulty of predicting future earnings growth.
Jul 11, Steve Bradshaw rated it did not like it Shelves: This book is significant and its author is a legend. Fisher talks about how diversification is important, but also indicates some caveats. First with common stocks, conservative investments, and developing an investment philosophy. Avoid fads and one hit wonders. So, you look for a company with a ptofits and competence.
He prefers to research a company's management, its sale force, its research arm, its employee relations, and other qualitative factors to determine the growth in a company's earnings over the long term. Fisher goes beyond the 10K. See this review and others on my blog Some limited dividend investing works well for unco,mon.