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Zusatztext "...written by American Investment genius.... We are delighted to have the opportunity to reproduce an extract from this classic! recently reissued..." (Financial Director! November 2003)"...these updated classics are packed with investment wisdom..." (What Investment! November 2003) Informationen zum Autor 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. Klappentext "I am an eager reader of whatever Phil has to say, and I recommend him to you." ?Warren Buffett "You will find lots of jewels in these pages that may do as much for you as they have for me." ? from the Introduction by Kenneth L. Fisher Forbes columnist 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. He recorded these philosophies in Common Stocks and Uncommon Profits, a book considered invaluable reading when it was first published in 1958, and a must-read today. Acclaim for Common Stocks and Uncommon Profits "I sought out Phil Fisher after reading his Common Stocks and Uncommon Profits ...When I met him, I was 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 Editor, Forbes "My own copy [of Common Stocks and Uncommon Profits ] has underlinings and marginal thoughts throughout." ?John Train author of Dance of the Money Bees Zusammenfassung Regarded as one of the pioneers of modern investment theory, Philip Fisher's principles are studied and used by numerous contemporary finance professionals, including Warren Buffett. Common Stocks and Uncommon Profits and Other Writingsis invaluable reading and has been since it was first published in 1958. Inhaltsverzeichnis 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 ...
List of contents
Preface: What I Learned from My Father's Writings (Kenneth L. Fisher).
Introduction (Kenneth L. Fisher).
PART ONE: COMMON STOCKS AND UNCOMMON PROFITS.
Preface.
1. Clues from the Past.
2. What "Scuttlebutt" Can Do.
3. What to Buy:The Fifteen Points to Look for in a Common Stock.
4. What to Buy: Applying This to Your Own Needs.
5. When to Buy.
6. When to Sell: And When Not To.
7. The Hullabaloo about Dividends.
8. Five Don'ts for Investors.
9. Five More Don'ts for Investors.
10. How I Go about Finding a Growth Stock.
11. Summary and Conclusion.
PART TWO: CONSERVATIVE INVESTORS SLEEP WELL.
Epigraph.
Introduction.
1. The First Dimension of a Conservative Investment.
2. The Second Dimension.
3. The Third Dimension.
4. The Fourth Dimension.
5. More about the Fourth Dimension.
6. Still More about the Fourth Dimension.
PART THREE: DEVELOPING AN INVESTMENT PHILOSOPHY.
Dedication to Frank E. Block.
1. Origins of a Philosophy.
The Birth of Interest.
Formative Experiences.
First Lessons in the School of Experience.
Building the Basics.
The Great Bear Market.
A Chance to Do My Thing.
From Disaster, Opportunity Springs.
A Foundation Is Formed.
2. Learning from Experience.
Food Machinery as an Investment Opportunity.
Zigging and Zagging.
Contrary, but Correct.
Patience and Performance.
To Every Rule,There Are Exceptions . . . But Not Many.
An Experiment with Market Timing.
Reaching for Price, Foregoing Opportunity.
3. The Philosophy Matures.
E Pluribus Unum.
History versus Opportunity.
Lessons from the Vintage Years.
Do Few Things Well.
Stay or Sell in Anticipation of Possible Market Downturns?
In and Out May Be Out of the Money.
The Long Shadow of Dividends.
4. Is the Market Efficient?
The Fallacy of the Efficient Market.
The Raychem Corporation.
Raychem, Dashed Expectations, and the Crash.
Raychem and the Efficient Market.
Conclusion.
Appendix: Key Factors in Evaluating Promising Firms.
Functional Factors.
People Factors.
Business Characteristics.
Index.
Report
"...written by American Investment genius.... We are delighted to have the opportunity to reproduce an extract from this classic, recently reissued..." (Financial Director, November 2003)
"...these updated classics are packed with investment wisdom..." (What Investment, November 2003)
