Common Stocks and Uncommon Profits
#2213 of 2,654 all-time
Common Stocks and Uncommon Profits
Philip Fisher
3 people recommended it in 3 threads, 2008–2016.
What people on Hacker News said
Fisher talks extensively about ways to interview management/competitors/clients for information not found on a balance sheet, and prefers to look for new technology companies with huge potential upsides.
He admits himself that most of his success was due to a half dozen huge wins in his entire life, and he tries to document how to find such wins.
It's not widely appreciated, but Warren Buffett's method is 50% Ben Graham and 50% Phil Fisher.
If you can find value stocks that are also great franchises, and hold onto them for dear life, you will be rich...
For those who liked Malkiel's Random Walk, read: * Ben Graham's Intelligent Investor * Philip Fisher's Common Stocks and Uncommon Profits
They counter Malkiel's thesis (yup, he's wrong) and Warren Buffet credits both men for teaching him how to invest.
Where it comes up
- Ask HN: What are the must-read books about economics/finance? 2016 · 1 recommendation
- Ask HN: Best book you read in 2011 2011 · 1 recommendation
- Ask HN: Best books/source to learn about investing? 2008 · 1 recommendation