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Publisher's Summary

One of the most important works ever written on investment theory, Common Stocks and Uncommon Profits lays out the fundamental principles of intelligent investing. Widely respected and admired, Philip Fisher is among the most influential investors of all time. His investment philosophies are not only studied and applied by today's finance professionals, but are also regarded by many as gospel. He is a pioneer of modern investment theory.
©1986 by Philip A. Fisher; Published by Arrangement with John Wiley & Sons, Inc.; (P)2000 by Penton Overseas, Inc. Published by Penton Overseas, Inc. and Audio Scholar, Inc.

Critic Reviews

"I am an eager reader of whatever Phil [Fisher] has to say, and I recommend him to you". (Warren Buffett)

What members say

Average Customer Ratings

Overall

  • 4.3 out of 5.0
  • 5 Stars
    287
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    154
  • 3 Stars
    63
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    20
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    15

Performance

  • 4.3 out of 5.0
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    10
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Story

  • 4.2 out of 5.0
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  • Overall

Some useful ideas, some less so

This book provides some interesting ideas on how to manage your investments, but as another reviewer has already stated, some of the strategies are not easy for the individual investor to employ. I don't think I'll be able to meet the bankers of the companies I am investing in anytime soon!

So, I would not put this at the top of my list of investing books to recommend, but do not completely pan it either. The author does espouse a long term investment strategy and offers what appears to be some sound advice for choosing investments. One particular bit of advice was a set of 14 points, some of which can be used as a screen to look for potential investments.

If you have not read (or listened to) "One Up on Wall Street" by Peter Lynch, that is a work I highly recommend.

13 of 15 people found this review helpful

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Struggled with monotone voice, but good book

I thought the book was useful, but I struggled with the reader's voice. This book took me much longer than I anticipated because I had gotten lost in the monotone voice. I had to rewind and review parts multiple times to get it. I ultimately used a summary to help me get the jist of the book, which helped me the most.

3 of 3 people found this review helpful

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  • Story

Good enough

Good enough, but would rather wait for a complete version instead of the abridged one.

2 of 2 people found this review helpful

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  • Story

Too short.

Some interesting insights but too short. would love to have the unabridged version of the book.

1 of 1 people found this review helpful

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a must read for a long term investor

What was the most compelling aspect of this narrative?

The author identifies 15 characteristics of good companies for investment in companies that can pay off big over 25 years. Identification of good management is a key theme.

What’s the most interesting tidbit you’ve picked up from this book?

If a company is to grow a few hundred percent or more, much more, over 25 years, does it really matter that much if you pay an extra 50 cents per share now? That, let us say 1.5% higher price on a good company that will continue to grow could cost a few hundred percent. Good companies rarely fall to bargain prices.

Any additional comments?

This book is one of Warren Buffet's favorites, and when it comes to the recommendation within to perform "Skuttlebutt", Warren certainly does. It is a good companion to The Intelligent Investor, another classic worth re-reading.

1 of 1 people found this review helpful

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  • William
  • SALEM, OREGON, United States
  • 01-27-13

Informative and organized; listen on fast

Would you listen to Common Stocks and Uncommon Profits again? Why?

Yes... it is easier to get it all if you listen to a book like this more than once. The narrator's voice lacked much energy, and that made it hard to keep focused and listen. I undoubtedly missed several things and am listening to it again. I found that if you set the setting to 'fast' on your player, it makes it a bit easier to pay attention.

What did you like best about this story?

Early in the book, Mr. Fisher lays out his 15 principles. After that, he can continue to refer back to them throughout the text as needed.

What aspect of George Guidall’s performance would you have changed?

Increase the energy (significantly). The narrator seemed very bored with the material, and it showed.

Any additional comments?

I would rate this an high beginner/low intermediate for investors. Some of the information is relatively outdated (individual investors rarely go talk to management, and information is much easier to come by via the Internet and Regulation FD than finding employees or suppliers to visit with, for example), but the principles are still quite good.

1 of 1 people found this review helpful

  • Overall

Uncommonly Technical

I picked this book based on its 5-star rating and my own dismal performance in selecting stocks for my retirement portfolio. If this is your motivation, you'll want to take a pass on this book. Helpful advice included: 1. Calling the corporation's competitors to find out what "warts" plagued the company, or 2. Speaking directly with the corporation's officers and/or directors to obtain information on a firsthand basis. Neither of these actions are practical or even possible.

47 of 72 people found this review helpful

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Must Read

Must read for the value investor. One of short list of important books for those who want to learn more about value investing.

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Dry

Started out good enough but I couldn't wade through the details. When I cringe just thinking of listening to this book it's time to let it go.

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quick way to get the basics of investment research

this book worked as a great introduction to the common stock investment game. it is well written and narrated

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  • Sel
  • 09-06-17

good book

going to have to listen to it again though in order to pick up on everything that was talked about

0 of 1 people found this review helpful