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Though Philip A. Fisher’s book was published in 1958, it remains an invaluable text on personal finance and investment, influencing prominent businessmen like Warren Buffet. Fisher’s principles for investment revolve around extensive research and long-term, conservative investing practices. Fisher provides fifteen principles for choosing the best stock options, and basic guidelines on buying and selling to ensure maximum profit. He also shares a list of common investing practices that investors should not follow, despite popular opinion. He concludes his book with eight concise best practices to develop an investment portfolio that will lead to long-term financial gains. Common Stocks and Uncommon Profits was the first investment book in history to make it on the New York Times best-seller list, and despite some dated references to color TV, Fisher’s advice withstands the test of time.
Common Stocks and Uncommon Profits is a classic investment guide with a focus on conservative investments and long-term growth. Fisher explores not only how to maintain an investment portfolio, but how to choose the most promising stocks based on company management and potential. He insists on an individualized approach to managing and investing in the stock market and a ten-year minimum plan to see a return on investments. Fisher’s main take-away is that conservative investing is not as flashy as some other strategies, but will guarantee returns over your lifetime.
Philip A Fisher was a famous stockbroker and the author of four books on investing: Paths to Wealth through Common Stocks, Conservative Investors Sleep Well, Developing an Investment Philosophy, and Common Stocks and Uncommon Profits. He worked as an investment manager from 1931 to 1999 when he retired at age 91. Though he worked in the stock market long before the emergence of Silicon Valley, Fisher advocated for investing in mission-driven, smart start-up companies with innovative strategies for success. He died in 2004.