This is an investment classic.
For those who are interested to manage your own investment (Equity), this is one of the must-read books. It is less technical and less quantitative, and has a heavy emphasis on investment philosophy.
.
Overall, it is quite an easy book to read.
.
Philip Fisher (1907-2004) was one of the greatest investment minds in history. Working from a modest office on the West Coast in the aftermath of the Great Depression, he developed a buy-and-hold value and growth model for investments that has been considered on par with Benjamin Graham’s The Intelligent Investor by no less a giant as Warren Buffett.
.
+++++
.
Quotes from the book:
.
"While good fortune will always play some part in managing common stock portfolios, luck tends to even out. Sustained success requires skill and consistent application of sound principals. .... the future will largely belong to whose who, through self-discipline, make the effort to achieve it"
.
"A basic ingredient of outstanding common stock management is the ability neither to accept blindly whatever may be the dominant opinion in the financial community at the moment nor to reject the prevailing view just to be contrary for the sake of being contrary."
.
"In handling common stocks, as in most other fields of human activity, success greatly depends on a combination of hard work, intelligence and honesty."
.
++++++
.
Shit!
There is no easy way out to make good money other than hard work.
haha...
No comments:
Post a Comment