Know what to look for in a company before investing in it.Here are my three favourite lessons from the book: However, it will offer a series of valuable lessons on how to steadily grow and maintain your wealth for a financially secure life. This book won’t teach you how to get rich quickly and escape hard work.
This can change from day to day, due to factors like external events, changes in management, market corrections, and others.Ĭommon Stocks and Uncommon Profits by Philip Fisher is a great tool for those who are looking to understand how the stock market works and want to place their hard-earned money into wise investments. Meanwhile, the stock price is a result of how the company is perceived by investors. The intrinsic value of a company is determined by its fundamentals. The best way to start is to get accustomed to the concepts and philosophy behind the money market.Īlthough it’s constantly evolving, the basic concepts remain the same. All of these traits require hard work and determination to master. Investing in the stock market implies having a knowledge base, strong self-control, a rational mind, and minimizing the emotional factor of your actions. 1-Sentence-Summary: Common Stocks and Uncommon Profits paves the way to success for all investors by outlining how to analyse stocks, understand the market, make smart investments and wise money decisions, and profit from them by being patient with the stock market and keeping your money in for the long-term.
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