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

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 4 September 2016

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

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

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.

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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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