Warren Buffett's Favorite Book: Common Stocks and Uncommon Profits by Philip Fisher (TIP646)

Kyle Grieve talks about "Common Stocks and Uncommon Profits" by Philip Fisher. He explores why the book was influential for Warren Buffett's transition to investing in quality businesses, the importance of a deep understanding of a business for long-term success, ways to learn about a business and its management, and the development of Philip Fisher's investing philosophy.

IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:02:40 - The importance of avoiding dogmatic thinking in investing
00:03:31 - Why owning growing businesses is so powerful for great investments
00:04:06 - How to evaluate a business's growth prospects
00:07:12 - How you should look at relations between a business and its employees
00:13:31 - How Amazon has strengthened its moat by thinking long-term
00:26:03 - The three ways a business can fund its growth and which are the most beneficial to shareholders
00:34:13 - Why you should seek transparency in your management teams
00:35:37 - How to balance investing in growth businesses with being a conservative investor
00:46:51 - Why having the ability to see the future of a business's profits is so key for minimizing risk
00:53:20 - The importance of consistently monitoring your businesses, no matter how well they've performed for you in the past

#InvestingWisdom #PhilipFisher #QualityInvesting #WarrenBuffett #BusinessGrowthStrategies

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📖  BOOKS MENTIONED:
Common Stocks and Uncommon Profits by Philip Fisher: https://amzn.to/3WpLPYA
Where the Money Is by Adam Seessel: https://amzn.to/4bNOsHZ
7 Powers by Hamilton Helmer: https://amzn.to/4bQFB8D
What I Learned About Investing from Darwin by Pulak Prasad: https://amzn.to/4d5mpor

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