Author: Philip A. Fisher.
Year of Publication: 1958.
Synopsis: "Common Stocks and Uncommon Profits," penned by Philip A. Fisher and first published in 1958, is a revered classic that focuses on the principles of long-term investing and fundamental analysis.
Fisher's investment philosophy centers on thoroughly researching companies to identify those with strong growth potential and sustainable competitive advantages. He introduces the concept of "scuttlebutt" investing, which involves gathering information from various sources to gain deep insights into a company's operations, management, and industry trends.
Through real-world examples and case studies, Fisher explains his criteria for selecting exceptional stocks. He emphasizes the importance of understanding a company's management team, growth prospects, and financial health. Fisher's approach also includes guidance on when to sell a stock and how to remain patient while waiting for investments to reach their full potential.
"Common Stocks and Uncommon Profits" is a valuable resource for investors seeking to develop a keen analytical mindset and a thorough understanding of companies' intrinsic value. Whether you're new to investing or an experienced market participant, Fisher's insights can help you make more informed decisions and achieve uncommon profits in the world of common stocks.
