Super Investor: Philip Fisher on Four Dimensions of Investing – Part 1/4

For every value investor in this world, his or her investment philosophy has invariably been shaped by few giants in this field. Warren Buffett and Benjamin Graham are the obvious names. Philip Fisher is probably the next name that appears in every value investor’s list.

Fisher is relatively less known to the general public and was rarely interviewed. Still, he is widely respected and admired in the value investing circles all over the world. Fisher is also known for his scuttlebutt approach, which simply means seeking information from competitors, customers, and suppliers, all of whom have a vested interest in the company. He wasn’t among those who made decisions just by reading annual reports. He believed in getting first-hand information about the company from various sources. In his 2013 letter to investors, Buffett ranked Fisher’s book next to Ben Graham’s books –

“…Common Stocks and Uncommon Profits, a book that ranks behind only The Intelligent Investor and the 1940 edition of Security Analysis in the all-time-best list for the serious investor.”

Common Stocks and Uncommon Profits is a super text that every investor needs to read and re-read until the investing principles get tattooed onto every single brain cell.

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