Common Stocks and Uncommon Profits :- by Phil Fisher
Book Summary
On occasion, Warren Buffett has said that he is 85% Graham (see The Intelligent Investor below) and 15% Fisher. Fisher walks you through his investment decision process which includes the 15 Points to Look for in Every Stock, When to Sell and Five Don’ts for Every Investor. He also introduces us to the concept of the Scuttlebutt Method (hence the name of this site). Fisher’s approach to investing is very different from traditional value investing and I would be reluctant to call his investing style value- Growth at a Reasonable Price (GARP as many refer to it) would likely be more appropriate. But overall this is one of my favorite books in the investing genre because Fisher’s described approach to investing is novel as compared to any other literature on the subject.