ISBN-10:
0471445509
ISBN-13:
9780471445500
Pub. Date:
08/22/2003
Publisher:
Wiley
Common Stocks and Uncommon Profits and Other Writings (Wiley Investment Classics Series) / Edition 2

Common Stocks and Uncommon Profits and Other Writings (Wiley Investment Classics Series) / Edition 2

by Philip A. Fisher, Kenneth L. Fisher

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Product Details

ISBN-13: 9780471445500
Publisher: Wiley
Publication date: 08/22/2003
Series: Wiley Investment Classics Series , #40
Pages: 320
Sales rank: 97,881
Product dimensions: 6.00(w) x 8.90(h) x 1.10(d)

About the Author

PHILIP A. FISHER began his career as a securities analyst in 1928, and founded Fisher & Company, an investment counseling business, in 1931. He is known as one of the pioneers of modern investment theory.

Table of Contents

Preface What I Learned from My Father’s Writings xi
Kenneth L. Fisher

Introduction 1
Kenneth L. Fisher

PART ONE COMMON STOCKS AND UNCOMMON PROFITS

Preface 31

1. Clues from the Past 34

2. What “Scuttlebutt” Can Do 44

3. What to Buy: The Fifteen Points to Look for in a Common Stock 47

4. What to Buy: Applying This to Your Own Needs 79

5. When to Buy 89

6. When to Sell: And When Not To 105

7. The Hullabaloo about Dividends 114

8. Five Don’ts for Investors 123

9. Five More Don’ts for Investors 135

10. How I Go about Finding a Growth Stock 162

11. Summary and Conclusion 172

PART TWO CONSERVATIVE INVESTORS SLEEP WELL

Epigraph 176

Introduction 177

1. The First Dimension of a Conservative Investment 180

2. The Second Dimension 187

3. The Third Dimension 198

4. The Fourth Dimension 207

5. More about the Fourth Dimension 213

6. Still More about the Fourth Dimension 218

PART THREE DEVELOPING AN INVESTMENT PHILOSOPHY

Dedication to Frank E. Block 226

1. Origins of a Philosophy 227

The Birth of Interest 228

Formative Experiences 229

First Lessons in the School of Experience 231

Building the Basics 232

The Great Bear Market 234

A Chance to Do My Thing 235

From Disaster, Opportunity Springs 236

A Foundation Is Formed 237

2. Learning from Experience 238

Food Machinery as an Investment Opportunity 239

Zigging and Zagging 242

Contrary, but Correct 243

Patience and Performance 244

To Every Rule,There Are Exceptions . . . But Not Many 247

An Experiment with Market Timing 248

Reaching for Price, Foregoing Opportunity 249

3. The Philosophy Matures 252

E Pluribus Unum 253

History versus Opportunity 255

Lessons from the Vintage Years 257

Do Few Things Well 259

Stay or Sell in Anticipation of Possible Market Downturns? 260

In and Out May Be Out of the Money 263

The Long Shadow of Dividends 264

4. Is the Market Efficient? 266

The Fallacy of the Efficient Market 267

The Raychem Corporation 270

Raychem, Dashed Expectations, and the Crash 271

Raychem and the Efficient Market 274

Conclusion 275

Appendix Key Factors in Evaluating Promising Firms 279

Functional Factors 279

People Factors 281

Business Characteristics 282

Index 283

What People are Saying About This

John Train

This guide to buried treasure is ponderously written--it leads you to the spot. (John Train, author of Dance of the Money Bees)

Kenneth L. Fisher

You will find lots of jewels in these pages that may do as much for you as they have for me.... Read his writings and try to live them out. (From the Foreword by Kenneth L. Fisher, Forbes columnist)

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Common Stocks and Uncommon Profits and Other Writings (Wiley Investment Classics Series) 4.8 out of 5 based on 0 ratings. 5 reviews.
Mikal_Kaska More than 1 year ago
This is one of my favorite investing book. Fisher does an amazing job at teaching novice investors what to look for when evaluating a company. What's more amazing is every time I pick up this book, I learn something and I have read it at least five times already. Highly recommended!
Anonymous More than 1 year ago
RolfDobelli More than 1 year ago
In 1958, for the first time, an investment guide made The New York Times' bestseller list. Since then, that book, Philip A. Fisher's Common Stocks and Uncommon Profits has become a classic of the personal finance genre, educating students and influencing top investors such as Warren Buffet. More than half a century after its publication, Fisher's advice on doing your homework so you can select long-term growth stocks still resonates. While some of the companies he refers to are long gone, many are still thriving, and though some of his examples evoke nostalgia (in 1958, for instance, color TV was new), he presciently calls for the coming of flat screen television. The book, which also includes Fisher's later writings, shows how he teased out great insights by asking companies "What are you doing that your competitors aren't doing yet?" getAbstract recommends this seminal classic on investing to business students, rookie securities analysts and private investors.
Anonymous More than 1 year ago
Guest More than 1 year ago
I USED IT FOR MY THESIS WORK AS A REFERENCE MATERIAL.VERY USEFUL AND HAS A LOT OF INFORMATION.