Sunday, October 6, 2019

COMMON STOCKS AND UNCOMMON PROFITS SUMMARY (BY PHILIP FISHER)

Here is the link.

Top 5 takeaways from Common Stocks and Uncommon Profits: 00:10 1. Fisher’s 15 points checklist 04:16 2. The Scuttlebutt method 06:40 3. Unconventional wisdom 1: Dividends don’t matter 09:32 4. Unconventional wisdom 2: You are diversifying too much 11:46 5. Fish in the right pond

- An investment should tic most of Philip Fisher’s 15 points checklist to be considered a great growth stock - Use “Main Street” resources, such as suppliers, customers, trade associations and former employees to beat Wall Street in the stock picking game - Look for companies that have great confidence in their businesses, where money is being reinvested in productive activities, rather than being dealt out in dividends - How to invest in stocks? Don’t diversify too much – the more companies you own, the less you know about each of them. - One of the most important investing strategies that you can learn about is filters. There are so many opportunities out there – but so little time.

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