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Common Stocks and Uncommon Profits and Other Writings (Wiley Investment Classics) |  | Author: Philip A. Fisher
Creator: Ken Fisher
Publisher: Wiley
List Price: $19.95
Buy New: $11.31
as of 11/24/2009 05:00 CST details
You Save: $8.64 (43%)
New (46) Used (20) Collectible (2) from $9.16
Seller: indoobestsellers
Rating:  60 reviews
Sales Rank: 5209
Media: Paperback
Pages: 320
Number Of Items: 1
Shipping Weight (lbs): 0.8
Dimensions (in): 8.9 x 6 x 0.9
ISBN: 0471445509
Dewey Decimal Number: 332
EAN: 9780471445500
ASIN: 0471445509
Publication Date: September 4, 2003
Availability: Usually ships in 1-2 business days
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Product Description
Critical Praise for Common Stocks and Uncommon Profits and Other Writings "You will find lots of jewels in these pages that may do as much for you as they have for me."
--Kenneth L. Fisher "I sought out Phil Fisher after reading his Common Stocks and Uncommon Profits and Other Writings. When I met him, I was as impressed by the man as by his ideas. A thorough understanding of the business, obtained by using Phil's techniques . . . enables one to make intelligent investment commitments."
--Warren Buffett "Little known to the public, rarely interviewed, and accepting few clients, Philip Fisher is nevertheless read and studied by most thoughtful investment professionals . . . everyone will profit from pondering-as Warren Buffett has done-the investment principles Fisher espouses."
--James W. Michaels
former editor, Forbes "My own copy [of Common Stocks and Uncommon Profits and Other Writings] has underlinings and marginal thoughts throughout."
--John Train
author of Dance of the Money Bees Updated features include a new Preface and Introduction from Kenneth L. Fisher Widely respected and admired, Philip Fisher is among the most influential investors of all time. His investment philosophies, introduced almost forty years ago, are not only studied and applied by today's finance professionals, but are also regarded by many as gospel. Common Stocks and Uncommon Profits and Other Writings reveals these timeless philosophies.
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| Customer Reviews:
Showing reviews 1-5 of 60
 Scuttlebutt is great August 12, 2009
Mariusz Skonieczny (ClassicValueInvestors.blogspot.com)
1 out of 1 found this review helpful
This is a great book. For me, personally, scuttlebutt revolutionized my way of investing. Small-cap companies are not followed as closely as the big blue chip companies, and I found it essential to use the scuttlebutt approach to assess the strengths and weaknesses of individual companies. It is amazing what one can find out by talking with industry experts, competitors, salesmen, managers, and many other industry participants. This book teaches readers how to evaluate companies on a qualitative basis versus quantitative.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
Scuttlebutt is great August 12, 2009
Mariusz Skonieczny (ClassicValueInvestors.blogspot.com)
1 out of 1 found this review helpful
This is a great book. For me, personally, scuttlebutt revolutionized my way of investing. Small-cap companies are not followed as closely as the big blue chip companies, and I found it essential to use the scuttlebutt approach to assess the strengths and weaknesses of individual companies. It is amazing what one can find out by talking with industry experts, competitors, salesmen, managers, and many other industry participants. This book teaches readers how to evaluate companies on a qualitative basis versus quantitative.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
Great book May 23, 2009
Lawrence Wegeman, Jr. (Sunrise Beach, TX,)
1 out of 1 found this review helpful
This book served me well from the early 1960s until now. It stood out from the other financial books then and does today. Lawrence Wegeman, Jr.
Qualitative Value Classic for Growth Stocks Ideal for Communication Heavy Investors February 5, 2009
ws__ (Hamburg, Germany)
You love to communicate and hate balance sheets: then this book is for you. The Theme of "Common Stocks" is: How to pick low risk, high potential growth stocks by thoroughly talking to people (scuttlebutt)? Typical conversational partners are customers, employees, suppliers, top management. He gives clear advice of the matters to be addressed. Actually doing it is work, a lot of work.
General advice is given also. Like the dangers of so called safe investments.
You get three different books written at different times:
(1) "Common Stocks and Uncommon Profits" (145 pages)
(2) "Conservative Investors Sleep Well" (50 pages)
(3) "Developing an Investment Philosophy" (57 pages)
Also the introduction of his son Kenneth Fisher is of considerable size (23+27 pages).
If you are interested in biographies or in financial history you also find a lot of interest.
In total a very useful and entertaining book and a totally different and complementary approach to value investing then the great Security Analysis: The Classic 1934 Edition.
One of the better books on investing. January 26, 2009
Eden Brandeis (Issaquah, WA United States)
2 out of 2 found this review helpful
To the reviewers giving this book one star, I ask you to consider other investment books on the market. Most are full of hype, bad advice, and soon to be outdated methodologies. This book, along with The Intelligent Investor can stand the test of time.
Common Stocks and Uncommon Profits takes effort to read. I took notes on each chapter as I read it as a way to keep myself focused on what Fisher is trying to say. I don't think this makes him a poor writer. Rather, some of the concepts are deep enough that they take a careful reading and then a going over for the gems within.
In this book Fisher outlines a general philosophy for investing. He does not provide you with the tools necessary to implement the philosophy. You will need to do that work on your own by learning to read financial statements, investigate management, and learn about a company's business and industry. What he does provide you is a framework that will help you avoid making as many costly mistakes in your learning process or even never realizing that there are fundamentally sound and unsound methods of investing.
To the reviewer stating that Fisher advocates growth stocks at any cost, this assertion is simply untrue. Fisher clearly says that growth stocks (stock in a company with excellent future prospects) at value prices are the gems to look for. Growth stocks at fair prices are a second best choice and growth stocks at high prices may be acceptable under certain conditions. Poorly run companies should almost never be purchased, because even though they may be "cheap", information is more likely to come to light that will make that "cheap" price very costly.
Showing reviews 1-5 of 60
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