Paths to Wealth Through Common Stocks

by Fisher, Philip A.; Fisher, Kenneth L.

• ISBN13: 9780470139493
• ISBN10: 0470139498
• Edition: 1st
• Format: Paperback
• Copyright: 2007-08-03
• Publisher: Wiley

Summary

Paths to Wealth Through Common Stocks summarizes not only the method by which worthwhile profits have been and will continue to be made through common stock ownership, but policies that make by far the greates profits at the least risk. In doing so, the book attempts to do two things. First, it shows how the investor (or his advisor) can determine the occasional company with outstanding management that is likely to provide the vehicle for tremendous increases in market value over a long period of years. Second, it indicates when the shares in such unusual companies may best be bought and the much rarer occasion when a stock that has been well selected in the first place should be sold.

Author Biography

PHILIP A. FISHER (1907–2004) began his career as a securities analyst in 1928 and founded Fisher & Company, an investment counseling business, in 1931. He is known as one of the pioneers of modern investment theory. After writing this book, Fisher taught at Stanford as one of only three to ever teach the Graduate School of Business Investment Management course. His other writings include investment classics such as Common Stocks and Uncommon Profits, Conservative Investors Sleep Well, and Developing an Investment Philosophy.

KEN FISHER is best known for his prestigious "Portfolio Strategy" column in Forbes magazine, where his twenty-three-year tenure of high-profile calls makes him the fourth longest-running columnist in Forbes's ninety-year history. Ken is the founder, Chairman, and CEO of Fisher Investments, a multi-product money management firm with over $40 billion under management. His success has ranked him #297 on the 2006 Forbes 400 list of richest Americans. He is a regular in the media and has appeared in most major American finance or business periodicals. Fisher also recently authored the New York Times bestseller The Only Three Questions That Count, also published by Wiley.

Table of Contents

Foreword

Preface

The Need for Additional Investment Books

Adjusting to the Key Influences of the 1960a??s

Stocks and Inflation

Institutional Buying

Foreign Competition

Increased Population

The Economists

Go Out, the Psychologists Come In

How the Greatest Increases in Stock Values Come About

Alert Corporate Management

A New Concept

The Role of Institutional Buying

A Reward Usually Overlooked

You and Where Your Investment Business Must Go

Methods of Investment Evaluation

Five Steps for Selecting the Right Investment Counselor

Trivia, but not Entirely

What About Mergers? Voting Rights and Proxy

Fights

Stocks and Election Prospects

Major Growth Industries of the 1960a??s

Chemical

Electronics

Drug

Others

The False

Growth Industries of the Postwar Market

What About Oils?

Index

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