What do you think?
Rate this book
Paths to Wealth Through Common Stocks
Paths to Wealth through Common Stocks contains one original concept after another, each designed to greatly improve the results of those who self-manage their investments -- while helping those who rely on professional investment advice select the right advisor for their needs.
Originally written by investment legend Philip A. Fisher in 1960, this timeless classic is now reintroduced by his well-known and respected son, successful money manager Ken Fisher, in a new Foreword.
Filled with in-depth insights and expert advice, Paths to Wealth through Common Stocks expands upon the innovative ideas found in Fisher's highly regarded Common Stocks and Uncommon Profits -- summarizing how worthwhile profits have been and will continue to be made through common stock ownership, and revealing why his method can increase profits while reducing risk. Many of the ideas found here may depart from conventional investment wisdom, but the impressive results produced by these concepts -- which are still relevant in today's market environment -- will quickly remind you why Philip Fisher is considered one of the greatest investment minds of our time.
Originally written by investment legend Philip A. Fisher in 1960, this timeless classic is now reintroduced by his well-known and respected son, successful money manager Ken Fisher, in a new Foreword.
Filled with in-depth insights and expert advice, Paths to Wealth through Common Stocks expands upon the innovative ideas found in Fisher's highly regarded Common Stocks and Uncommon Profits -- summarizing how worthwhile profits have been and will continue to be made through common stock ownership, and revealing why his method can increase profits while reducing risk. Many of the ideas found here may depart from conventional investment wisdom, but the impressive results produced by these concepts -- which are still relevant in today's market environment -- will quickly remind you why Philip Fisher is considered one of the greatest investment minds of our time.
238 pages, Paperback
First published January 1, 2007
About the author
Philip A. Fisher
23 books158 followersPhilip Arthur Fisher was an American stock investor best known as the author of Common Stocks and Uncommon Profits, a guide to investing that has remained in print ever since it was first published in 1958.
His career began in 1928 when he dropped out of the newly created Stanford Graduate School of Business (later he would return to be one of only three people ever to teach the investment course) to work as a securities analyst with the Anglo-London Bank in San Francisco.
Fisher's famous "Fifteen Points to Look for in a Common Stock" from "Common Stocks and Uncommon Profits" are a qualitative guide to finding well managed companies with growth prospects.
His career began in 1928 when he dropped out of the newly created Stanford Graduate School of Business (later he would return to be one of only three people ever to teach the investment course) to work as a securities analyst with the Anglo-London Bank in San Francisco.
Fisher's famous "Fifteen Points to Look for in a Common Stock" from "Common Stocks and Uncommon Profits" are a qualitative guide to finding well managed companies with growth prospects.
Ratings & Reviews
Friends & Following
Create a free account to discover what your friends think of this book!
Community Reviews
Displaying 1 - 7 of 7 reviews
December 31, 2017
BY TAKING ADVANTAGE OF NORMAL STOCK MARKET VOLATILITY A SINGLE DOWNTURN CAN PROVIDE ENOUGH BOUNCE TO COVER INFLATION FOR YEARS.
What causes stocks to rise in value are 2 interrelated things; an increase in a stocks earning power and a consensus of investors opinion as to the future course of that earnings power.
Whether a stock is selling at a low or high PE has of itself nothing whatsoever to do with whether the stock is intrinsically cheap or overpriced.
The management is 90% of the equation in evaluating a common stock.
A major and consistent uptrend in sales is often regarded as the first clue to unusually attractive investment.
Acquisitions generally don't work as the seller knows more about his business than the buyer.
The best acquisitions are small one where the downside is limited but where they have an important product or outstanding talent which can be exploited by the buyer, who is a larger company.
Dont vote against non0important management voting recommendations - it will cost you.
What causes stocks to rise in value are 2 interrelated things; an increase in a stocks earning power and a consensus of investors opinion as to the future course of that earnings power.
Whether a stock is selling at a low or high PE has of itself nothing whatsoever to do with whether the stock is intrinsically cheap or overpriced.
The management is 90% of the equation in evaluating a common stock.
A major and consistent uptrend in sales is often regarded as the first clue to unusually attractive investment.
Acquisitions generally don't work as the seller knows more about his business than the buyer.
The best acquisitions are small one where the downside is limited but where they have an important product or outstanding talent which can be exploited by the buyer, who is a larger company.
Dont vote against non0important management voting recommendations - it will cost you.
April 30, 2022
เป็นหนังสือที่ดีมาก และเคยอ่านเมื่อนานมาแล้วจนจำเนื้อหาแทบไม่ได้ ตอนนั้นอ่านฉบับแปลไทย รู้สึกว่าอ่านแล้วจะงง ๆ หน่อย ๆ ตอนนั้นอ่านก็ทำสรุปใส่กระดาษ A4 เก็บไว้ ซึ่งตอนนี้ไม่รู้ว่าเก็บไว้ที่ไหนแล้ว ถ้าเทียบแล้วชอบอีกเล่มของ Fisher มากกว่า
December 31, 2022
In matters of investment, the many beliefs that almost everyone accepted as a matter of course and without further thought have proved wrong, and those who thought the matter through to the right answer have been richly rewarded.
November 27, 2017
A must read for all value investors!!
November 29, 2022
Still interesting cause it still can be applied and have a good POV
This entire review has been hidden because of spoilers.
January 31, 2016
As I think more about retirement and the security of my assets, I find that there are few people I trust for this function. Fisher is a reliable source of information on the predatory nature of business and finance, so I believe him when he describes the minimum necessary givens for investment. Useful for some, but not all.
March 9, 2014
dated, not too many things jumped out at me.
Displaying 1 - 7 of 7 reviews