TIP 102 : Common Stocks & Uncommon Profits - A Discussion of Philip Fisher's Classic Book (Business Podcast)

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Business, Education, Investing

4.6 • 3.6K Ratings

🗓️ 4 September 2016

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

IN THIS EPISODE, YOU’LL LEARN: How Warren Buffett used the teachings of the book to build his famous Coca-Cola position. The 15 points to look for when buying a stock. Why a hit on the earnings of a company is often a great investment opportunity. The 3 reasons to sell a stock. Why Preston and Stig put different weight on the top line and bottom line of the company. Why you might not sell a stock with a high P/E. The danger of limit orders. How many positions you should have in your portfolio. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Philip Fisher’s book, Common Stocks and Uncommon Profits – Read reviews of this book. Benjamin Graham’s book, The Intelligent Investor – Read reviews of this book. Benjamin Graham’s book, Security Analysis – Read review of this book. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: ⁠HardBlock⁠ ⁠Human Rights Foundation⁠ ⁠Plus500⁠ ⁠Netsuite⁠ ⁠Shopify⁠ ⁠Vanta⁠ HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! 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Transcript

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0:00.0	We study billionaires and this is episode 102 of the Investors Podcast.
0:06.0	Broadcasting from Bel Air, Maryland. This is the Investors Podcast.
0:14.0	They'll read the books and summarize the lessons. Don't test the waters. Tell you what it's called.
0:19.0	They'll give you actionable investing strategies.
0:23.0	Your host Preston Pish and St. Broderson.
0:29.0	Hey, how's everybody doing out there? This is Preston Pish and I'm your host for the Investors Podcast.
0:33.0	As usual, I'm a company by my co-host St. Broderson, out in Seoul, South Korea.
0:39.0	Today we've got a book that I think a lot of people are pretty familiar with for the most part in the investing community.
0:46.0	The name of the title is Common Stock and Uncommon Profits by Phil Fisher.
0:52.0	The reason that we're reading this book is because Warren Buffett has a quote out there
0:57.0	that his investing philosophy is 15% Phil Fisher.
1:02.0	That 15% comes from this book, Common Stock and Uncommon Profits.
1:06.0	That's why we decided to pull this one up and discuss that on today's show.
1:11.0	As St. Gennie dive into this, we're going to just really go chapter by chapter
1:16.0	and hit the high points of what we learned from the book.
1:20.0	What I wanted to do just to give everybody an idea of some of the topics that we'll be discussing
1:25.0	is I'm just going to name a couple of the chapters here so you can get an idea of what the show is going to be about today.
1:31.0	The first chapter is clues from the past.
1:34.0	The next chapter is called What Scuttle Butt Can Do.
1:38.0	The next chapter is the 15 points to look for in Common Stock.
1:43.0	What to buy, when to sell, all about dividends.
1:48.0	Five don'ts for investors.
	...

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