We Study Billionaires - The Investor’s Podcast Network TIP 102 : Common Stocks & Uncommon Profits - A Discussion of Philip Fisher's Classic Book (Business Podcast)
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Sep 4, 2016 Discover how Warren Buffett leveraged timeless teachings to enhance his Coca-Cola investment. Dive into the essential 15 points for stock selection and learn why dips in earnings can signal buying opportunities. Explore the strategic factors that determine if and when to sell a stock. The hosts debate the merits of focusing on top-line versus bottom-line indicators and share insights on the pitfalls of limit orders. Plus, uncover best practices for portfolio diversification and the importance of management integrity in successful investing.
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Two Main Investing Approaches
- To make money in the market, either time the market or find outstanding companies at decent prices.
- Phil Fisher recommends finding outstanding companies and holding them forever.
Hindsight vs. Foresight & Growth Potential
- Looking back at past market conditions makes valuations seem easy, but real-time decisions are challenging.
- Growth potential, not company size, matters most, as seen in Warren Buffett's Coca-Cola investment.
The Power of Scuttlebutt
- When researching investments, talk to people in the relevant industry.
- Talking to customers, employees, and management can reveal hidden insights.