COMMON STOCKS AND UNCOMMON PROFITS by PHILIP A. FISHER

“COMMON STOCKS AND UNCOMMON PROFITS” by Philip Fisher is a classic investment book that outlines Fisher’s approach to evaluating stocks and making investment decisions. The book emphasizes the importance of understanding a company’s long-term potential rather than focusing solely on its current financial metrics. Fisher introduces the concept of “scuttlebutt,” or gathering information from various sources to assess a company’s management, competitive position, and growth prospects. He also provides insights into the characteristics of successful growth stocks and offers guidance on how to identify and invest in them for long-term profitability.