Common Stocks and Uncommon Profits

About the book

This investment classic book is around 292 pages long. It was also written by Philip A. Fisher, one of the mentors who shaped the now investment philosophy of billionaires Warren Buffett and Charles Munger (Warren Buffett's longtime friend, partner, and sidekick).

Contents

Unlike Benjamin Graham's focus on analyzing financial statements (quantitative) and preference for cheap value companies, Philip Fisher prefers to explore growth companies and delve into the qualitative characters of the business or company. Most of the chapters in this book tell the reader what aspects to look for when analyzing a business.

Review

I found this book very useful and is a good complement to Benjamin Graham's writings. To properly evaluate a company, one needs both quantitative and qualitative analysis and not just one. Although it is an old work, the questions and principles stated in the book are still very much applicable today.

Difficulty Level = 3/5

You certainly don't need to be an accountant to understand the book. However, since this is a classic book, the style of discussion in the book is quite different from modern investment books.

Personal Rating = 4/5

One should not miss out on reading this book. It is a work full of timeless information.

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