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 financiers and investors, but are also regarded by many as gospel. This book is invaluable reading and has been since it was first published in 1958. ...
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 financiers and investors, but are also regarded by many as gospel. This book is invaluable reading and has been since it was first published in 1958. The updated paperback retains the investment wisdom of the original edition and includes the perspectives of the author's son Ken Fisher, an investment guru in his own right in an expanded preface and introduction
"I sought out Phil Fisher after reading his Common Stocks and Uncommon Profits...A thorough understanding of the business, obtained by using Phil's techniques...enables one to make intelligent investment commitments."
Warren Buffet
From AudioFile
This program takes a fundamental view of what it takes to be a top-drawer business worthy of your investment dollar. It's based on traditional company variables like capitalization, market position, and labor relations, and some new variables like organizational adaptability and leadership depth and vision. The broad thinking and nuances are so intuitive and clearly drawn that listeners won't even realize how abstract and intelligent this writing is. The impressive piece of work is nicely abridged, and George Guidall is as connected to the material as anyone could be. Still, this is not for the cognitively challenged, nor for overly aggressive investors nor those with money hang-ups. A great resource for understanding why some companies are great and which ones will be. T.W.
Book Dimension
length: (cm)22.2 width:(cm)18
Common Stocks and Uncommon Profits and Other Writings的创作者
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The fifteen points to look for in a common stock:
1. Does the company have products or services with sufficient market potential to make possible a sizable increase in sales for at least several years?
2. Does the management have a determination to continue to develop products or processes that will still further increase total sales potentials when the growth potentials of currently attractive product lines have largely been exploited?
3. How effective are the company's research and development efforts in relation to its size?
4. Does the company have an above-average sales organization?
5. Does the company have a worthwhile profit margin?
6. What is the company doing to maintain or improve profit margins?
7. Does the company have outstanding labor and personnel relations?
8. Does... (查看原文)
1 有用 coldsea 2023-06-11 22:24:50 中国香港
慢慢读完。不是因为不好看,是因为干货太多,一次看一点点,可以思考很多东西。一定会长期放在书架上随时回头翻翻。
2 有用 Renco 2017-09-22 08:52:32
Some discussions are outdated due to the change of market conditions. But the book stands the test of time.
3 有用 Mr. L 2020-02-10 05:45:17
如果不是因为莫尼许送我这本书,我可能永远接触不到费雪闪耀的智慧。这本书曾在书架躺了三年,我翻过几页就没有兴趣了,原因是我对深度价值的先验概念太根深蒂固。这强大的先验叠加多年的见习让我按照新的信息流更新先验变得极困难。事实上费雪也在29年购入三只深度价值公司,结果亏得裤衩不剩。由此费雪顿悟,低市盈率什么都保护不了,甚至是危险的前兆;投资者唯一需要关心的是几年后企业的盈利大概是什么水平,是前瞻而非后视... 如果不是因为莫尼许送我这本书,我可能永远接触不到费雪闪耀的智慧。这本书曾在书架躺了三年,我翻过几页就没有兴趣了,原因是我对深度价值的先验概念太根深蒂固。这强大的先验叠加多年的见习让我按照新的信息流更新先验变得极困难。事实上费雪也在29年购入三只深度价值公司,结果亏得裤衩不剩。由此费雪顿悟,低市盈率什么都保护不了,甚至是危险的前兆;投资者唯一需要关心的是几年后企业的盈利大概是什么水平,是前瞻而非后视。据此他积累起一套商业洞见—有好产品不够,还须会卖;有好销售渠道不够,还须能对变动迅速的消费者需求有敏感性。股票分红低可能是因为增长前景好,资本升值带来的回报远超高股息带给投资者的有限收益,十倍百倍的回报让当下看似高估的企业实则廉价,而廉价的原因正是普罗大众对商业变迁轨迹认知的匮乏。 (展开)
0 有用 ACMing 2016-01-25 00:09:33
英文原版很难读,需要再读几遍才能获得更好地理解
1 有用 拖拉症冠军™ 2019-07-03 01:13:38
很多还是不明白,准备再读一遍