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Common Stocks & Uncommon Profits: Chapter 4

April 7, 2021 by themarathiinvestor 1 Comment

Hello friends, In today’s article we see what to buy: applying this to your own need, from chapter 4 of Common stocks and Uncommon Profits book. Chapter 4 helps you to find which stocks we have to buy and what is the reason for that from the Common stocks and Uncommon Profits book.

Previous Chapter

Common Sense & Uncommon Profits: Chapter 4

What to buy: Applying this to your own needs:-Common Stocks & Uncommon Profits: Chapter 4

After studying the 15th point, we have some, like, This work is done by myself or finds some expert.

There are three stocks, Large-cap, Small cap, Mid Cap category stocks. So between that which stocks we have to choose.

Which stocks we have to buy, those pay the dividend and without paying the dividend stock. this all depends on your need.

People have misconceptions about successful investors. They are thinking, Investors are bookish person, that only read a balance sheet and analyzes the financial statements. (Common Stocks & Uncommon Profits: Chapter 4)

If you think like that and work like that, then you get the stock at a bargain price. But after some time these stocks become the value trap.

So, friends, this is the book for making money while taking low risk.

This is only happening by buying growth stocks, and growth stocks are giving each and every decade a 100% return on investment.

So the author only talks about these growth stocks that give 100% return by staying 5 to 10 years. with it.

The authors say, Investor only gives some time to his investment, suppose you have the ability, and time also. (Common Stocks & Uncommon Profits: Chapter 4)

But maybe don’t have time to meet the customer and supplier. If you have time to talk but you don’t know to talk to the customers and supplier and not know which type of question you have to ask.

If you have all the above things, but don’t have to develop an interest in people to talk with you, that tell you all information about the company.

If you have all this ability, then you may not have judgement power to get the meaning thought on that information or if this also has the ability. (Common Stocks & Uncommon Profits: Chapter 4)

if maybe happen, you, your geography is not good, for example, you stay in the village and this person in the city so you can’t meet them.

If you face any of the problems above discussion, then take advice from experts. So don’t toy to be own doctor and lawyer.

So this principle also helps you to find good experts.

If you choose any experts, then you have to see their 5 years record,

If they have a good record then only then give them money. If not then don’t give money.

See advisor is honest and others is ask him investment philosophy that studies in this book. then that better adviser then you know how they got the five years return. (Common Stocks & Uncommon Profits: Chapter 4)

by timing the market or invest in the marginal company or following this 15th principle, that why you have to see his five-year result return.

Three types of the company by following 15 points you get the outstanding company in that.

  1. Large-caps: Those companies have good profits and better financial position or also called institution stocks because insurance company invest in that. For example of Dow Chemical, Du Pont, IBM from 1946 to 1956, three companies stocks are going 5X in 10 years and dividend return goes from 2.5X to 8 and 9 % on original period and this is not an unusual period this is a normal period.
  2. Small and young companies: they have outstanding management and research scientist are capable for example, Amplex stock in 4 years is going 8X.
  3. Between large and small-cap companies ( mid-caps): Small company give you 1000X gain in 10 years. if you wrong then one dollar penny does not remain, so the skilled investor can be done a mistake.

Large companies losses usually temporary, if you buy right time stocks (Common Stocks & Uncommon Profits: Chapter 4)

So what is a good time we see in the next chapter

How much money invest in large-cap companies stocks give more profit but not that much, those give small company.

How much money invest in large-cap companies stocks or how much in a small company is all depend on you.

Profits from big companies are minimum the total loss outway, that happen in a small company.

if a small company is successful then they become a large company.

* High-dividend yield vs Low-dividend yield growth stocks:

Small investors can not live on dividend, whatever amount of a dividend of high, because his overall investment is small.

A small investor having to be sufficient emergency money for their circumstances. If after that some money is behind then only invest for the long term.

If investors circumstances are like they don’t need dividend, then the author says, they have to invest in the company and have to compound their money. (Common Stocks & Uncommon Profits: Chapter 4)

The author’s personal point of view says Small dividend income is not important as after a few increases in maximum income and the author’s sons have a chance to become wealthy in these stocks.

Every stock depends on two things

  1. How skillfully you apply this 15th principle
  2. Matter of good luck

Good luck is best for one stock, if you have maximum stocks, then luck is an average one. luck only matters when you have only one stock or a few.

the author says previous 35 years that many studies on high dividend stock and low dividend growth stock. Each stock outperforms in a 5 to 10 years period.

Surprisingly these stocks have increased their dividends such that they were paying greater dividend return on original investment ( though dividend yield still the low company to compared to increased stocks price) than high dividend yield stocks.

So this is all about chapter 4 of common stocks and uncommon profits.

Value investing website

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15 points of outstanding company

April 2, 2021 by themarathiinvestor 1 Comment

Hello friends, In today’s article we see 15 points of the outstanding company from chapter 3 of common stocks and uncommon profits book. In 15 points of an outstanding company, you have to apply for each and every company to show the outstanding company. Philip A. Fisher gives these 15th points from his investment strategy they use for 10 years, with getting a good return.

previous chapter 2:

15 points of outstanding company
Chapter 3: What to buy: The 15 points of an outstanding company

In this chapter, we have to talk to customers, suppliers, management, and competitor about the company, by asking this 15 points of outstanding company.

These 15 points define the company is outstanding or not. so let’s starts with the first points

  1. Does the company have products and services with sufficient market potential to make possible a sizable increase in sales for at least several years?

The author says, ” if sales are constant or decline, then also you make the one-time profits from that company.”

A company can minimize cost and improve profits so that why cost price also increases, so in this company investors can’t make the big money. (15 points of outstanding company)

In other situation, profit can be big while the change in the industry, for example, If one company making the first radio as a product, but now they are making the Television and sales are increasing and that’s why profits also increase, but it has limited up to the time when everyone has the T.V., then profits is stopping and growth of sales also stops. so this is a type of situation that is also the one-time profit, but better than the first situation.

The author says, ” Sales do not grow like a uniform, they grow like irregular form, so don’t see the sales of annual reports or one year, see them for several years. (15 points of outstanding company)

We need that types of company, they have the following two characteristics

1) Fortunate and able: (example: An aluminum company of America)

2) Fortunate because they are able: (example: Du Pont )

@ Aluminium company of America is fortunate and able, because companies founder do the commercial and show the use of aluminum in daily routine, and they got the bigger market for their product, whatever they expect, this market is bigger than their thought. And they also take the advantage of the fortunate scenarios.
Company stocks of the aluminum company of America his stocks increase 6 times of their continuous previous year of medium return, that goes up to 40% in down, and they become the 6 times. (15 points of outstanding company)

@ Du Pont: This company making the blasting powder for lots of his year, but in peach time, their sales come down, and close to the mining industry level. So in making blasting powder company develops the skill and this skill is very useful for making new products, and they launch one after one, and each product sells quickly and they make himself like a fortunate.

So both types of company have one thing is important is that the management ability is the highest order, so without them, this sales not stay for a long period of time.

If any amateur investor invests in a chemical industry company and they see the talk like, ” in the industry those company is more attractive that have, their develop good growth product.” So they say’s the wrong way

Because of that those company is developing attractive growth product, that why they become an outstanding company. (15 points of outstanding company)

if any company management is outstanding, and industry in a change of technology, and company have more focus on research, so the investor has to alert about how management take the advantage of that opportunity to increase their sales and profits.

The Author say’s, ” His friends, make the survey in  1947, of the television industry and they found the competition is going to be very competitive and in between that there is the shortage of glass bulb for picture tube in T.V.

So Corning Glass Works company have the technology and research ability to supply the glass bulb to the T.V. Industry, so opportunity becomes the new revenue source for the company.(15 points of outstanding company)

So author friends, recommend stocks and this stocks in increase 12 to 13 times in just 10 years.

so let’s 2nd points

2. Does the management have a determination to continue to develop products or processes that will still further increase total sales potential when the growth potential of currents attractive product lines has largely been exploited?

you see the first and second point have the difference is that 1st point says, companies have to be existing product market is large so for that in upcoming year sales is increasing.

So 2nd point says, ” what is company realize or not when the market potential of the product ends.” or if they want to grow continuously, so they want to work on new product and new market. So those company has come true on the first point and 2nd point also, then we need this type of company.(15 points of outstanding company)

if company doesn’t have there plan and policy for developing new product, so this company give you only on time profits, up to that time those existing product have market potential.

Scientific research and development is the first focus of company because they develop old product is good and develop the new product also.

Those company tries to develop new products from the existing product line, this company is doing better than those company they develop the unrelated product. If the unrelated product is successful so company occurred in a different new industry, so that has no link with his existing industry. (15 points of outstanding company)

let’s start 3rd point

3)How effective are the company’s R & D efforts in relation to its sizes?

If you are divide R & D expenses into the annual sales, so you get how much a company spends a dollar sale of percentage on R & D, which means how much percentage they give to the R & D expense of total money.

You can compare this figure with the other company. but it’s misleading if one of the companies is doing an existing product to take the order and customize it and they show research expense, but not many people believe that this is R & D expense. (15 points of outstanding company)

Other companies do for new product palate plant cost as production expenses or not show R & D expense. So both situation figure is not comparable.

A research scientist is well skilled, and the company has that expertise, in that other expert scientists work together in a team.

Research experts, production sales are both familiar with the problem or not. we have to find out this. if they familiar then profits increase.

Research and production department has to be close relation, then good and quality product will be developed.

So Top management crash program increases the research cost. crash program those, in that research people work for those workers that is more important, in this time.

Most of the time crash program is not worth all these disruptions they cause.

So in a big company, they have a maximum problem, that why the small company not afraid to the big company for competition.

So many times government pressurize to do research, and companies also do research on defense research.

Defense research-related product information is how much benefit for the investor. let’s see three situations.

  1. The new weapon doesn’t have commercial use, but only work as the military purpose and weapons write have government, in they can make weapon form any other company by giving weapon writes and they develop the competition between the company and get from the cheaper company, that develop this product, so other company builds the product. so in this situation, investors have zero value for this crash program.
  2. in second, some weapon is developed by a very critical complex process, but manufacture is learned it and develop also difficult than this, time other company try to develop a weapon, they face the problem, so the government has to come to those company that develops first, so there is not a competition between the company, so in this situation, they have some value to the investor. (15 points of outstanding company)
  3. As a like weapon, while the research team developing a weapon, and they learn the new technique and principle that use in a commercial product of the company and improve it, and that why the profits margin is increasing, then this type of crash program is most helpful to the company and in this situation investor have the great value.

so form government money, companies research team learn the new principle and technique, that apply in commercial there business model, this is the reason of Texas Instruments and Ampex company success.

Market research is the important part, you have to see what the company is doing or not. If doing, so how big the market and what actually customer need. Without doing market research, if a company develops the best product, that has zero value, and they will be going zero or even cost also not make.

And also check company is spending money on research is how long, you have to see for 10 years.  To make a new product to develop for the sales and profit rate increases. (15 points of outstanding company)

let’s see the 4th points of outstanding company.

          4) Does the company have an above-average sales organization?

Making repeat sales from the old customer is the first benchmark of success of the company. 

Most of the Investor’s focus is minimum on the sales efficiency, advertising, and distribution organization of the company. and maximum focus on product research finance etc.

Competitors and customers tell you the sales and marketing organization of the company.

Outstanding sales, product, and research three are extremely important for the company’s success.

For example, Dow Chemical Company: This company is very famous for outstanding research but people don’t know about their salesperson. The company is taking care of scientists as well as salespeople and give both special training and give some attention on salesman like research scientist. (15 points of outstanding company)

Another example, IBM company: In this company salesman is spending 1/3 time of his job is on training. If any companies sales organization is not strong but they have good at research and product, so this like company give you only time profits.

let’s see the 5th point of outstanding company

         5) Does the company have a worthwhile profit margin?

From an investor’s point of view is that if sales value is when only if profit growth increased so without profit, sales growth useless.

Industry profit margin and companies profit margin compare each other and we have to invest in those companies that have a maximum profit margin.

Marginal companies, those companies that have minimum margin, we don’t have to invest in that, you can only invest when companies business is changing fundamentally, and that cause profit increases and this profit is compulsory, so this company is leaving the marginal company category. (15 points of outstanding company)

If big companies profit margin is minimum so maybe happen if this is temporary. so maybe happen their profit they use for research and sales promotion for some time. So this situation is more attractive.

If all industry is doing well, so all companies margin maximum and marginal companies, the profit margin is more percentage increase and that why profit growth is maximum compare to those companies that profit margin is maximum.

So after some time or in bad time come the marginal companies’ profit margin falls down very fast.

let’s see 6th points of outstanding companies

         6) What is the company doing to maintain or improve profit margin?

The Companies success does not depend on how much margin at buying time they depend on, what profit margin in future. (15 points of outstanding company)

Wages and salary costs increase year by year also cost increases of Raw material and supply cost. Some companies increase product prices to maintain the cost of wages and raw materials. Because they have the demand of that product or competitor increase product price more than that price, but it is the temporary company seeing the demand company increases the production capacity and demand is not like that then margin in minimum.

Some companies smartly minimize costs, like accounting and book handling and transportation costs.

From this smartly we can minimize cost or cost-cutting, so this is not happening in one right way. So the investor has to focus on what the company does for cost-cutting and margin improvement, so this confirms by talking to the top executives.

So those company doing good at cost-cutting they will do in the future also.

        6) Does the company have outstanding labor and personal relations?

If regularly strikes happen in the company and carry for a long time, then this affects on badly on production department.

If those companies have Labor turnover is maximum, then avoid this company because train the new employees that increase the cost.

Those companies have no labor union, that usually have good relationships if the union is present but have mutual respect with management. If strikes do not happen in a company, it does not means relation is good.

Companies’ labor turnover is relative to the company of some industry or in some area, so their relationship is how much good is important.

If the company is doing mass hiring and mass firing, so this is not a good sign from the company or investor point of view also. (15 points of outstanding company)

Those companies are good companies, they settle the grievances quickly and make above average profits and above average salaries paid to the employees and applicants have a maximum list in that company to take job.

If companies profit is coming by paying below-average salaries, means a serious problem is coming soon in the company.

8) Does the company have outstanding executive relations?

executives give the right direction to the company and they have a big responsibility and they have maximum stress level.

top-level executives stay in the company is mandatory and by stay give they maximum to the company, so these types of relationships present in the company.

The company has a like culture, in that promotion is given on an abilities basis, not one favoritism or not on nepotism. (15 points of outstanding company)

Salary industry is that much from outsider select when inside people is not capable for the post. An investor can learn about it easily by chatting with a few executives scattered at different levels of responsibility

9) Does the company have a depth to its management?

This means the company can delight in responsibility and authority. That means not like a one-man army

A small company can do better in one-man leadership, but sometimes one turn is come like that the size of a company is not small and one-man leadership can’t handle all company.

So we learn from the 8th point is that is necessary to know about to develop the management dept. means have to the belief on the junior also. (15 points of outstanding company)

The senior executives have to give some adequate authority to the junior for completing work if they don’t do that, if they are absent then company face the two many problems.

Management has to listen to employee suggestions by giving up his ego, so whatever it be that may be criticism of current management policy.

Read more: one up on wall street book summary

Read More: The Intelligent Investor book summary

10) How good are the company’s cost analysis and accounting controls?

If a company can not breakdown its overall cost with sufficient accuracy and detail, to show the cost of each small step in its operation then it won’t have outstanding success for a long period of time.

If management doesn’t figure out the dhow much cost of the product, they can’t decide right prizing. if you ask the management, they will give you detail of the balance sheet, but not have important detail, but have detail inaccuracy. (15 points of outstanding company)

But investors don’t verify numbers on their own.

If company management understands the cost analysis and control and others they have above average, then this field they also are above average.

11) Are there other aspects of the business somewhat peculiar to the industry involved, which will give the investor important clues as to how outstanding the company may be in relation to its competition?

In shorts, the company has some competitive advantage. for example in retail business, need real estate expertise important. if any company can take better leasing property than the other competition means, they have this competitive advantage.

So in this company insurance costs is an important factor, if any company have their insurance cost is less than 35% of other competitors so this is the competitive advantage of the company.

If any company has some process of patent and product means they have this competitive advantage, but if the company is dependent on the patent for maintaining a profit margin, so this is a weakness because patent have an expiry date and they will expire. (15 points of outstanding company)

A durable competitive advantage needs to beat the competitor. Manufacturing knows about the sales and service organization and customer goodwill is more important.

So patents are important for small and young companies, if not then big company copy their product and sell on the big distribution network.

Leadership in engineering is the fundamental source of protection instead of the patent.

12) Does the company have a short-range or long-range outlook in regard to profits?

Some companies do business-like, they need profits today’s and some company do not focus on today profits instead of that they focus on goodwill, because in long term, over the year, have maximum profits.

The company has treated with customer and suppliers, form that we know, for example, if suppliers take the unexpected expense to deliver the product, and the company pays the supplier maximum than the contract so this company thinking on the long term. (15 points of outstanding company)

If a company works to satisfy the customer to take special effects challenge, so they fix and compulsory customer, and they sacrifice short-term profit and thinking in long-term get overall maximum profits.

Investors have to buy a long-term range outlook.

13) In the foreseeable future will be the growth of the company require sufficient equity financing so that a large number of shares then outstanding will largely cancel the existing shareholder’s benefits from this anticipated growth?

means, In a company what growth happen in the future, for that company has to issue equity, because of this those growth benefits have to the existing shareholder not getting in.

The author says typical investment book most of the space given to this discussion is what is the capital structure?

So these things did not deserve these points. In the author’s opinion, the intelligent investor does not buy only stocks(15 points of outstanding company) because they are cheap.( opposite to the benjamin graham philosophy)

The Author says, very less company is only that come true on 14th points and that companies we need and this company easy get the debt and easy to raise equity.

If investors think, companies growth visualize in the future, companies cash and debt up to a limit of prudence have happened then is good.

After that company issue the equity for further growth, that time the profit increases and stock price also, but not sufficient cash and borrowing for growth, that we visualize, so this dilute the earning of the current share and we have to find out how much is dilution or after dilution is also attractive.

If the company is true on the 14th points but not good on this point then the investor can be bought, provide companies management if not poor. (15 points of outstanding company)

If another company is good for financial in cash position but not good on other 14th points then not buy, just because they are easy.

14) Does the management talk freely to investors about its affairs when things are going well but calm up when troubles and disappointment occur.

Even the best-run companies face unexpected difficulties, become it is the nature of business(lose the money on research and profits pause)

But management has to be read by with plan, and how they escape from this situation. if they stop talking means, they don’t have a plan, to escape from the situation

So this investor has to stay away from those who hide the bad news from the investor.

last points, let’ see

15) Does the company have a management of unquestionable integrity?

Companies management is very close to the companies asset, and this asset can have been a different method to use badly.

For personal use companies’ assets can be used and give the contract of the supplier to the relatives.

Give relatives maximum salary, for them, they can issues stocks option. (15 points of outstanding company)

So stay away from this is only one way is, our investment gives only good management, that limit.

If a company is good on 14th points but not good on this, then don’t put money on this company.

 

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Investment Secret of Warren Buffett

March 30, 2021 by themarathiinvestor 1 Comment

Hello friends, in today’s, article we see how warren buffet use the method for his investment and they become the investment secret of warren buffett, that come form the chapter 2 of common stocks and uncommon profits book. This secret of warren buffet help him to become the $100 billion club person.

Previous Chapter 1

Investment Secret of Warren Buffett

Chapter 2: What ” Scuttlebutt” can do (Investment Secret of Warren Buffett)

So friends, we know up to now is form stock market we can make a lots of money, just finding outstanding company and invest in that.

How to know we this company is outstanding company or what, this is only possible by using the Scuttlebutt method. (Investment Secret of Warren Buffett)

So many people says this method, we can’t apply, so authors say’s those people, if you want to find out the outstanding company, you should have to follow it.

So let’s starts, you have to talk with customer, suppliers, competitors, management and former employee, by asking this peoples you get the clear image of company of relative strength and weakness. this people are right about the company, because they directly involved in the company connection. so this people know better than the outsider broker. (Investment Secret of Warren Buffett)

You can also talk other people like research scientist in universities and government company. And you can also talk with executives of trade associations and former employee of the company.

The former employee help you to know about companies strength and weakness insights so whatever you get the information, you have to make them cross check, of that information because it is very important.

Some time employee is fired and they talk bad thought on the company, so you have to ask them question like, ” why are you leave the company.” So this question help you to know his thought is right or wrong about the company. (Investment Secret of Warren Buffett)

It is not necessary to get you whatever information about company from any part is almost true as company show you. so you have match it. and compare this information and that information and use the common sense and get the right outstanding company.

REad more: The Intelligent Investor book summary

If Company is outstanding, then average investor also get clear image of that outstanding company. If you like a company by scuttlebutt method, then you to do talk to the management. (Investment Secret of Warren Buffett)

After meeting management people, you can fill the gap present in your clear image of outstanding company.

if you talk five companies of any industry, and you have to talk about other 4 company to one companies that you have to invest in that. After asking this, you get the best information about the companies and there strength and weakness. And you get the clear image, which company is better than the other company. (Investment Secret of Warren Buffett)

While following scuttlebutt method ( talking customer, supplier, employee, former employee, competitors, and management peoples) we get the information that we know which company is outstanding or not.

READ more: One Up On Wall Street book summary

But now question is what actually we have to talk and what we have to know about asking questions they will we see in next chapter. (Investment Secret of Warren Buffett)

So, this is all about the scuttlebutt method,  they ken(Philip A. Fisher) talk about the diamond point of this book.

Visit another website of finance

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Common Stocks and Uncommon Profits: chapter 1

March 29, 2021 by themarathiinvestor 1 Comment

Hello friends, in today’s article we see the chapter 1, clues from the past of common stock and uncommon profits book. In this book Philip A. Fisher explain the how we can learn form the history, and how people are makes money in history, in chapter 1, clues from the past of common stocks and uncommon profits book.

Previous introduction part


Common Stocks and Uncommon Profits chapter 1: Clues from the past

Common stocks and uncommon profits Chapter 1: Clues form the past

Philip A. Fisher say’s by seeing the past of stock market, they get

People are comes stock market for only one reason is that they want to make money in the market. So in past they use the two methods to make money in the market.

  1. By predicting business cycle, and betting on that prediction, they buy the stock at the bad time and sell stock at the good time. So they collect the information from there connection and know the when the bad time is come and when to buy that bad stocks. Those people have the more connection that prediction is goes more accurate and they make the money.
  2. Finding outstanding company and hold them on good and bad time of business economy. So this method helpful to get the low risk and maximum profits. (Common Stocks and Uncommon Profits: chapter 1)

So comparing both method, you get the good result of second way than the first one.

And this second method is more profitable for more people, But you have to identify the out standing company.

So outstanding companies opportunities also available in past and they are also available in present, and they are maximum in number as compare to the present. Because in past there are only the family business present, and they only run by the family member, whatever the person is they deserve or not the company, but they run the company.

But in now time, if in any family business they are not capable to run the business, they hire the most eligible management.(Common Stocks and Uncommon Profits: chapter 1)

Other things  is that now business are spend more money on the research or R&D department. This is start form the Hitler time, in Hitler army, there are so many research are going on the weapons, so that’s why they become very famous, so every country they know about the power of R&D. So there from each and every country start developing research and spend money on R& D. (Common Stocks and Uncommon Profits: chapter 1)

So people make the R&D of commercial products also. Now the companies revenue about 20% is come from the those product that are actually not even present or develop.

So doing research is good, if you don’t do the R&D, is more expensive than doing R&D.

Bond:

Bond is very bad investment for long term, because the simple one is infection.

This inflation is more than the bond interest. Your money is going negative while you choose the bond as a long term investment.

So bond is only profitable when you have to know how to time the interest rate of inflation in short term.

So get the whatever the coupons on the bonds they are very less in value as you give them and buy bonds.

Author say’s from past we have to learn five things, (Common Stocks and Uncommon Profits: chapter 1)

  1. those people makes the maximum return by identifying outstanding company, those company that sales and profits grow fast than the there industry.
  2. When you have found such a company and hold for long period of time, get the maximum results.
  3. this is not necessary to this type of company is small cap, but company management is intelligent enough to handle the problem of company, and identify the new opportunity for the company to grow, and make the company profitable.
  4. Growth is comes from research that, those product which is develop from the existing product.( Growth is associated with knowing how to manage research to bring to market economically worthwhile and usually interrelated product lines.
  5. Opportunities that present before 25-50 year that are now present also and more than.

So this is know us form the history stock market, money making stategy.

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Common Stocks & Uncommon Profits

March 28, 2021 by themarathiinvestor Leave a Comment

Hello friends, in today’s article we see COMMON STOCKS AND UNCOMMON PROFITS book introduction. In this introduction Philip A. Fisher son write the three different preface about the COMMON STOCKS AND UNCOMMON PROFITS book. This introduction help you to know about the which parts of this book is very very much important and other parts is most valuable. So let’s start’s with first preface.

COMMON STOCKS AND UNCOMMON PROFITS
Introduction:-Common Stocks & Uncommon Profits

Ken fisher written three preface, let’s starts with first preface

What i learned from my father’s writing:-Common Stocks & Uncommon Profits

Ken fisher says, his first stock is reverse 10 bagger, means if they buy the $100 stocks and that stocks goes to $10. So that lose is 90% means 10 bagger reverse stocks.

So ken fisher say’s , ” he is not the clear or topper of the class in college and school, and not even completed his higher education from famous university like Harvard university or nothing his special accomplishment they has to written in this preface.” (Common Stocks & Uncommon Profits)

But they got the 15 points from in COMMON STOCKS AND UNCOMMON PROFITS book, and now they manage the billions dollar in his funds. So if they do without doing anythings is special so any buddy can be do better in the stock market by applying this 15 points.

Ken say’s, ” In this book 15 points is directly says the how to buy company if you want to maximum profits, and if you compare that stocks with scuttlebutt method then you know company actually what is the business and how it grow and what problem comes in this process.”

Scuttlebutt method:-Common Stocks & Uncommon Profits

In this method, you have to talk companies employee, supplier, competitor and customer and also the management of company. Why this people? because this people know the know what is going in the company and clear image of strength and weakness. Customer tell you about the product and why they people buy again and again, and how they know about the new products means service and marketing department information. Supplier tell, about the raw material side or inventory of company. Competitor say’s how company is strong and his weakness. (Common Stocks & Uncommon Profits)

So this information you get by following the scuttlebutt method, so this information you found on the main street not on the wall street or dalal street, So this information is good and trustworthy.

If you want to collect information form the wall street, then you face the dot com bubble candle sticks  so you get the information form the main street is safe and trust worthy than the wall street candle sticks charts and financial reports of accounting. (Common Stocks & Uncommon Profits)

Read more: The Intelligent investor book summary

If you are ask customer and supplier, you get the truth of company.

Scuttlebutt technique is very helpful to you to stay away from those company that have the good on paper but actually not in real situation, so this types of company stocks get in ponzi sheme, then they lose the 90-95% stocks value.

So this 15 points help you to define which types of company you found, is outstanding company or Ponzi scheme company. (Common Stocks & Uncommon Profits)

Philip A. Fisher believe in hodling stock forever, and ken believe in holding stocks for 5 to 10 years and growth stocks, value stocks, large cap stocks, small cap stocks, all types of stocks you can use this method, because this method help you to find out which is quality company, whatever they company in any industry.

Ken say’s Scuttlebutt chapter is about 3 page but they told this is best part of book and very important parts

One of the best questions of Philip A. Fisher is not in this book, key say, ” What are you doing that your competitors aren’t doing yet. “

So that means if company is not doing anythings means they lead the others company in same industry and other company follow that company. (Common Stocks & Uncommon Profits)

Ken says, 15 points of company quality and scuttlebutt method is the diamond of this book. so and other topic is also very much important, like 10 don’t for investors.

So ken suggest you have to read this book as many as time while you analyze company.

Second preface is all about the Philip A. fisher family, you can read, buying this book, by click on image, so let’s

Starts Preface by Philip A. Fisher :

In this preface author give the shorts story of writing this book. Before writing this book, author run the investment counselling business at the age of 26, they run this for 10 years, and after that

in 1941 he got the job in army air force. They work there for 3.5 years. so in this time period they reviewed there investment actions. So from that review some good points is born that are different from the financial community analysis rules. (Common Stocks & Uncommon Profits)

After end war they use this 15 points and they got the good return for 12-13 years, and they want to keep the printed record, so they write this book.

Author says, beyound that 15 principles other two importance things matter for investment success.

  1. Need patience for making big profit.
  2. Stock market is deceptive and follow the crowd , the results are not good.

so from next article, you get the chapters of this book.

Read more: One up On wall Street book summary

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One Up On Wall Street: Chapter 20

March 25, 2021 by themarathiinvestor 2 Comments

Hello Friends, In today’s article we see chapter 20 of one up one wall street book. In chapter 20 Peter Lynch explain the 50,000 Frenchman can be wrong in one up on wall street book. So let’s see chapter 20 of one up on wall street book.
One Up On Wall Street: Chapter 20Previous Chapter

50,000 frenchman can be wrong:-One Up On Wall Street: Chapter 20

The Author say’s 50,000 frechman can be wrong. So all people follow the crowd is only one reason is that  they thick that much of people is right, so they follow the crowd, by author say’s 50000 frenchman also be wrong in the stock market. So in stock market don’t follow the crowd follow the your own way.

So author says, those are small investor can calmly walk in the entrance, when there is a  crowd at the exist position. OR

You can be exist, when crowd at the entrance position, So in this time you are safe or not killed.

That simple means is that, The large instituational lose the interest in any stock, They want to sell that stock.

So in this time you get the wonderfur opportunity in that stock, and you have to analyse that stock.

If that company don’t have the any problem( earning is high, profit is good, Plan of future is good, Cashflows also good) but they people sell like a crazy.

If they people buy any company at crazy level, then you have to exist from that opportunity.

Monday Effect:-One Up On Wall Street: Chapter 20

Author says Monday effect is nathing but, ‘the so many people are looking news at Friday and Saturaday and they will act like buying and selling stocks vigorously in the Market at Monday, that called as the monday effect.

this effect is very dangerous of crowd, they will destroyed the company and make the tonne of loss of money.

So don’t take the stress of news and don’t act in the market like buying and selling in huge profit margin time.

You have the only one work is that to analyse the company and tract the record of fundamentals of company.

So you are taking the stress of News then you act like a impatiently so warren buffet say, ” Stock market is the vehicle of transport of money from impatient people to the patient people.”

So as possible as stay away from the news.

And don’t become the part of Monday effect.

……………………………………..

Author give the some points from part-3 of this book

Points to remember from part-3: -One Up On Wall Street: Chapter 20

  • Whenever the stock market is decline, they will be declive today, tomarrow or few years later. So when they decline that is the good sign for opportunity. So be prepared before stock market is decline, with search stocks
  • So no one can’t predict the market direction, not for a singal years, or some one say’s i will predict for 10 years so you have to forgot about that person. this is not possible.
  • If you want to perform wonderful in the market, then don’t try to right at any time. so peter lynch says, ” you can make the world record by selecting 10 stock and 6 is the right stocks.” So don’t try to make money in every business. for this warren buffet says, ” I don’t want to make money in every business at 20% annual interest rates, if i get less that 10 , i am happy with that.” So don’t try to be right in stock market on stocks.
  • Peter Lynch says, ” Those stocks are the winner stocks they always surprise you.” So author also don’t know this is the stock is become the Multi-baggar.
  • You can make more money in Stalwarts category by making simple 20 to 25 % gain continuously, so in long term you make the lots money.
  • If any company is perform very bad, and you think other company is not doing bad, so there is no guarantee. So company economy change, so every company is can be perform bad.
  • You are right or wrong is not depends on price of stock, for example let’s if price is up you says, i am right and if price of stock is down, and you are wrong, so this not depends. the right or wrong is only get while in the Long term investment period.
  • In stalwarts you have to focus on only one is ownership of Institutional ownership and how much peoples is following that stocks. So in stalwarts always you get the overprice company, so understand the fundamental and it’s Intrinsic price and when the price is down then you have to buy that stocks.
  • the losing strategy is that buying the average fundamental company and you sell that stock which have the strong fundamentals but you sell after price is double this is also losing strategy.
  • In Fast grower category, Fast grower company is not always the fast grower, you have to attention on the  when the period of fast growth is end and which is the best time to exist for you?
  • So if you don’t buy any stock , you can’t lose the money in that stocks, so don’t try to trap in that thinking is like, if i am buying that stock , i will increase my wealth by 50% annual interest rate.
  • So don’t attach so much with winner stocks. if you do that then you are forgot about that stock to track.
  • If any company stock price is going zero, here doesn’t matter how much price you are buying that stocks. you lose the 100% money in that stocks.
  • So you can improve you money, by simple rotating the stocks. In rotating you have to switch from one stocks to another stocks with making profit in that. So time in your favour you can do that, but if they don’t make the or not get result then minimize you acts of rotating stocks.
  • So don’t try to think like, i want to recover my lose. If you doing that then you lose your most of money that present in your hand.
  • don’t stay in past, whatever happen in that past, so be present in the present time.
  • you have to focus on the reaching your financial goal or financial freedom
  • If you think, you can’t beat the market then go through the mutual funds.
  • So lastly, in market there is always any things to worry, so don’t worry.

So this is all about the One Up On Wall Street book.

Lastly we finish this book, so from next article we see the new book summary.

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One Up On Wall Street: Chapter 19

March 18, 2021 by themarathiinvestor 2 Comments

Hello friends, in today’s article we see chapter 19 of one up on wall street book. in chapter 19 author discuss about the new derivatives of stock market i.e. Options, Future, and Shorts Selling. So let’s start chapter 19 of one up on wall street book.

One Up On Wall Street: Chapter 19

Future, Options, and Shorts Selling:-One Up On Wall Street: Chapter 19

Options: Options is the financial instrument, which have ability to buy and sell in decided price, with time period, is known as options.

Options give the power to deal buy and sell at decided time frame, some time its benefited or some time is not.

Future: Future is also the financial instrument, the contract is established between buyer and seller at decided price, is known as future.

let’s take the example of former, if former want to sell his rice to the other person, so they make the deal  on future price, let says, buyer say, i will buy this rice at 20 rupees per kg, whatever the price in future is show, they have to buy the rice at 20 rupees, so this is the contracts. (One Up On Wall Street: Chapter 19)

Shorts Selling: Shorts selling is the technique of selling and buying, in generaly, we are all first buy the stock and then sell the stocks, but in shorts selling, you have the power to sell stock first and buy later. so whatever you sell the stock you can get that stock from the broker. the best shorts selling in history is done in 2003 to 2007, this full detail discuss in movie, i.e The Big Shorts

So financial instrument have some merits and demerits, so future and options have some merits and demerits.

So let’s understand what are the author says, about that (One Up On Wall Street: Chapter 19)

Remember some point on this stuff:

  • The worst thing in options is that , you were right but you still lost all your money because they event happened after options date expire.
  • Author say, it’s a wastage of talent, time and money
  • Peter Lynch says, doing shorts selling is have the unlimited risk, because you buy the share when they fall, but if share goes up, so there is no limit of going up, so there is the unlimited risk. (One Up On Wall Street: Chapter 19)
  • Future may be beneficial, let’s understand, if A former want to sell wheat or rice crop in future at fixed price, so there is beneficial, or any distributor want to buy that wheat and rice, so they can buy on fixed price.
  • So peter lynch says, options is the worst things, just imagine of GlaxoSmithKline Company, company have the patent of rare cancer and you know that come in news stock prices goes higher and you buy the options. So option is things that expire at time period. So you have to buy regularly, that options after expire there dates. So if you are right then but that options is expire and news come, and stock price is goes up but you lose the premium because that yours buy in options.
  • So author says, this is the wastage of time, Money and effort of all things when come in the Options.
  • So author says, Stock is atleast finance the company, that have it’s some business. So whatever you do in that company as speculation or anythings, so they have the some business. So you are buying the stock is doing of finance the company, but if you are come in OPTIONS there is nathing finance to the company or anythings, but they finance the broker and their house and there EMI. (One Up On Wall Street: Chapter 19)

 

  • Shorts selling: 

In Short selling the down side is high or unlimited and there is no limit of lose, because they is no also no limit of stock is go up at any price and you get unlimited lose.

Author give the example of Robert Nilsson, they make the shorts in international company, that stock is 70 cents and they increase upto 70 dollar, so he get 100 bagger lose, and they lose the 20-30 millions dollar in short selling.

So be careful doing shorts selling.

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The 12 Silliest things people says about stock prices

March 11, 2021 by themarathiinvestor 1 Comment

Hello friends, in today’s article we see the 12 different silliest things people say about stock prices. Peter Lynch gives the 12 silliest things people say about the stock prices in chapter 18 of one up on wall street. So let’s see one up one

the 12 silliest things people say about stock prices
The 12 Silliest Things People says about stock prices:

  1. If it has gone down this much already, it can’t go much lower: About this thought peter lynch gives one example, one stock has the price of 30 when at buying time, and they go down and come to $13 dollar, So peter lynch things not go more than that means below $10. But that stock is going down up to $4. So thinking like the above though it doesn’t make any sense to the stock price or investment.
  2. people can always tell when a stock has hit bottom: For this thought author says, “Don’t try to catch knife, when they are falling, if you want to catch the knife, first you have to do is that knife come to the ground and they settle on the ground, then catch the knife.” So so many people just assume that they know the fall of stock prices and for that, they make the Short selling and get the maximum losses when the stock goes up. So don’t try to catch the knife, when they are falling. So you have to be patience in buying you stock that you are analyzing. (The 12 Silliest things people says about stock prices)
  3. If it has gone this high already, how can it possibly go higher than this: So many people just think like that “this stock is double and there is the growth cycle is ended and I don’t think so this stock is a little beat higher than this.” So if you are also thinking like that you can’t make the maximum money in that stock. The most probability is that you most of the time miss the multi-bagger stock. So don’t think like that, if you want to sell the stock then ask yourself, why are you buying this stock (initial main reason), or fundamental is weak.
  4. It’s only $3 a share, what can I lose?: The price of a stock in a falling situation doesn’t matter, whatever the price of the stock is $1000, $500, or $3. If they go zero dollars then that doesn’t make any sense. So don’t think like that. So you lose then you have remembered there is also the zero number that you lose, then whatever that price is go higher in multiple of that is go zero again, so zero is also chance to you lose. (The 12 Silliest things people says about stock prices)
  5. Eventually, they always come back?  Most of the time people think that whatever the price of the stock is go down then will come back. So for this author says, there is no guarantee is that this price of stock comes back. So hoping this and waiting for the stock to go up is like wasting your time (money). So Don’t think like that, and see the possibility of coming again at the right position price.
  6. It always the darkest before down: People think buying the stock and that stock is not growing, then people say this though, But it does not make any sense and staying with that stock. So there is no guarantee of the stock is go up after some time. Thinking like this stock means you have to die financially with that stock. If the stock is falling badly, and you want to come to some point of price. then you have to think like that, if you lose the 99% in that stock so there is very little means no guarantee you will recover this. So this stock is never ever recovering up to 99%, and it’s impossible to tread near that stock price. So author gives the example of Oil company stock, they buy the stock at $4560 in 1981. and this stock comes up to $2200 in 1983, so people think that the bad or darkest time is gone and actually that stock is going up to $686 in 1985 so there is no guarantee of stock is always the darkest come first or after go, it may happen the darkest stay after also. (The 12 Silliest things people says about stock prices)
  7. When it rebounds to $10, I will sell: So this is not good to sell this stock at $100 means this does not make any sense with at stock. Or you sell at any arbitrary number. there are two possibilities of this thought is 1) if this can’t happen to that at an arbitrary number, and 2) If this happens then you can test the higher return after making above the $100 because you sell the first. So there is no sense of thinking like that.
  8. Conservative stock doesn’t fluctuate much: Most people are thinking about some conservative stock, for this author gives the example of the Utility company. this company is a conservative stock company, and they go down at 80% and you ignore that stock buy saying this thought. So you have tracked the performance of the stock of conservative also with the regular time frame.
  9. It’s taking too long for anything to happen ever: Most of the time the stock price remains the same and people say, it’s taking too much a long time to happen to anything in the company. If you think like that when you sell this stock, and most of the time next day’s stock price reaches high. for this author give the example of Merk company is a pharmaceutical company, this company stock remains same continuously in 9 years. And the earning is increasingly slowly means 14% annually. So the average stock price is the same, so peter lynch says, this stock of the company is very awesome, and the probability is that this stock can become the 3X, 5X, and 10 baggers in the next few months of in a year of one or two, so stay with this type of stock, without thinking above thought. (The 12 Silliest things people says about stock prices)
  10. look at all the money, I have lost because I didn’t buy it:  This type situation come in much many time and people says, I didn’t buy that stock, I lose that much of money in that. So for this author give some explanation, he said,” So this is the human psychology,  so you have to consider in this stock, you can’t put money, so you don’t get the lose of that, and be happy with whatever you have in your hand, and ignore the other people grow, that you can make the biggest money in the stock market.
  11. I missed that one, I will catch the next one: When Linux company IPO is coming, so many people are saying that this is next Microsoft and everyone is trying to buying only on this thought, is I missed that one Microsoft, I’ll catch the next one. So all know the result of Linux. So don’t think like that, so each and every stock of the company is different so don’t blame yourself. (The 12 Silliest things people says about stock prices)
  12. The stock has gone up, so i must be right or the stock has gone down, so i must be wrong: So don’t think like that, because short term investment not telling you a clear picture of your right or wrong. in short term this only happen is that how many people ready to buy that stock or how many people are not ready for buy that stock.

This is all about the 12 silliest things people say about the stock price from chapter 18 of one up on wall street book.

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The Best time to Buy and Sell Stock

March 9, 2021 by themarathiinvestor 2 Comments

Hello friends, in today’s article we see chapter 17 of one up on wall street book. in chapter 17 you get some idea about the best time to buy and sell. After reading this article you know the best time to buy a stock and sell at the right time. so let’s see chapter 17 of one up on wall street book.

The Best time to Buy and Sell Stock

The Best Time to Buy and Sell Stock:

When to Buy:-The Best time to Buy and Sell Stock

In this situation, you have to buy in two important times, they are as follows.

  1. End-of-year tax selling to carry forward losses: In this time some people sell stock that has to lose and save tax or carry forward and buy again that stock.
  2. During market collapses and drop(recession): In this people are get panic and everyone wants to escape from the market and they believe that this is the end of their capital. So this time the value investor take the advantage of him and get into the market.

When not to Sell:-

  1. don’t sell because a stock is doubled its price.
  2. The macroeconomic issue like The money supply increased or decreased, the dollar appreciated or depreciated, or whatever happens with the economy. You have to hold until the fundamental of the company is strong.
  3. If you think, this you have to sell, then you have to ask yourself why are you buy and what is the main reason for this to buy.

When to sell:-

So the author gives us so many different categories, between that we have to remember some point from each and every category.

  1. Slow growers: In the slow growers’ category, you can sell this stock when you get the 30 to 50% return on investment or If the fundamental of the company is weak. If the company loses market share from the previous one or two years and doing maximum diversification and they don’t have any new product, from this situation you can sell the stock. When you buy this stock the company has more cash and negligible debt, but now the company taking lots of debt in reason of expansion and dividend yield is not so high, in this situation sell the stock in the slow grower category.
  2. Stalwarts: In this category, you have to see the P/E ratio, if the P/E ratio is high than the normal then you have to wait for coming normal by falling P/E then buy again. In this category, you can sell a stock when the company’s major division is given the less than 25% earning of the company and they have a problem with earning growth. So in the future, no cost-cutting happen in that major division. the company launched a new product they are failing and lastly the P/E ratio is high than the industries ratio.
  3. Cyclical: In this category, you can sell when you see this problem, the cost is increasing, and the existing plant is working at full capacity and the company spends more money on the new plant. Inventories are increases and competition of company is increasing and also union contract is an end to expire and demand is minimum and lastly, the capital expenditure is double. If the above situation is there, then you can sell the stock.
  4. Fast growers: In this category, you have to see some point that looks problem in the company, they are as follows, you can see earning is decreases or company stop to develop a new product. the customer doing more complaints and their complaints increase continuously. Institutional investors buying a 60% stake in the company, then in this situation you can sell the stock. or you can see if the company have the maximum publicity and everyone saying buying suggestion. The company P/E ratio is maximum than the growth rate, and the PEG ratio is more than 1.5 and also the company staff management exists from the company and joining other company. company product sale is decreases in the previous quarter and new product result is poor or if you see company showroom in each every mall then the company does not have any space to spread and increase sell.
  5. Turnaround: In this category, you have to see this point If a company operates the other company, but they have different industries. And the P/E ratio is maximum than the growth rate and increases in inventories as compared to the sale percentage. The company taking the more dept and the dept is increase as compare to the asset and it is very hard to get the sale from the previous customer, then this condition is happening, then you have to sell this stock to other company.
  6. Asset plays:  in this category, your whole game is on the hidden asset value, so you have to see this point, Debt is increases or 10% stake in the company is increased to 60% then sell that stock.

the above-mentioned point helps you to identify the stock in which category and you have very much benefit of this information to sell the stock.

So this is some point you have to consider while selling the stock. So don’t sell the stock seeing the one or two-point that above mentioned the probability of point is high then you sell the stock.

So this all depends on you. So no one tells the right time to sell, so everyone says the right time to buy the stock and it’s easy to know the right time to buy.

 

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One Up On Wall Street: part 2 : point to remember

February 28, 2021 by themarathiinvestor 1 Comment

In this article, we see part 2 of one up on wall street book. In this part 2, you have to remember the following point from the one up on wall street book part 2.
One Up On wall street: part 2

There is the end of Part 2 of this book, so from this book, you have to remember some points, they are as follows. (One Up On Wall Street part 2: point to remember)

  • First of all, you have identified the nature of the company, after that, you have to know why are you buying this stock.
  • After this, you have to put this stock in the above-mentioned category, which helps you to identify the purpose of that stock.
  • So those companies are big in size, that company is not easy to grow very fast, and those companies are in small size they are grown in very fast and become the multi-bagger.
  • To see the small and profitable company and they can replicate his concept in another place also, and buy that stock. (One Up On Wall Street: part 2: point to remember)
  • So stay away from the hot stock of hot industries (at present time is Tesla motor stock in the automobile industry) and which company do diversification then stay away from that also.
  • Don’t buy the IPO and wait for that stock to do good after IPO and then buy that stock, there is also potential present in that stock.
  • Whenever you work, you know more about the industry than any other professional investor, and you can identify that stock as early as another professional investor. (One Up On Wall Street: part 2 : point to remember)
  • If any expert in some field, so you can take a tip from him and don’t make the mistake to ask another field of another field expert.
  • Dull company and fancy name company stock is always better than the good name company stocks.
  • So those stock is moderate, which give the 20-25 % growth and 30% growth is ideal growth of that industry.
  • So you have to see the niche company. if you see a turnaround for those who perform very bad then see how much debt is present in that company. and which type of debt is present, type of debt is matters.
  • if the company doesn’t have debt then this type of company is never going broke. So you can make maximum money in a turnaround company. (One Up On Wall Street: part 2: point to remember)
  • So P/E ratio is important if you buy a wonderful company and their performance also wonderful, but you pay the maximum price for that stock is worthless of their wonderful performance. So company progress you have to monitor and recheck the story regularly.
  • Insider buying is good and company share buyback is also good for that company. and institutional ownership is minimum then also is a good sign.
  • See dividend record and what happens to earn and dividend in previous recession time. The dividend is given or not.
  • And stay patient, you are checking regularly stock that means stock not increase.
  • If you have doubt about buying now or later then buy later that stock.
  • If you buy stock on the basis of P/B ratio and book value ratio, then check for that is there real book value or not. most of the time the book value is not real. (One Up On Wall Street: part 2: point to remember)
  • So spend as much as time for stock that much spend you spend on buying refrigerator or air-conditioner.

At least give the one hour in a week for dedicated stock research

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  • Intelligent Investor: Chapter 14 - The Marathi Investor on One Up On Wall Street: Chapter 20
  • Intelligent Investor: Chapter 13 - The Marathi Investor on One Up On Wall Street: Chapter 19
  • Intelligent Investor: Chapter 12 - The Marathi Investor on One Up On Wall Street: Chapter 1
  • Intelligent Investor: Chapter 11 - The Marathi Investor on Common Stocks & Uncommon Profits: Chapter 4
  • Intelligent Investor: Chapter 10 - The Marathi Investor on The Best time to Buy and Sell Stock

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  • Common Stocks & Uncommon Profits: Chapter 4
  • 15 points of outstanding company
  • Investment Secret of Warren Buffett
  • Common Stocks and Uncommon Profits: chapter 1
  • Common Stocks & Uncommon Profits

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How to deal with Mr. Market

The Intelligent Investor: chapter 8
Common Stocks & Uncommon Profits: Chapter 4

Common Stocks & Uncommon Profits: Chapter 4

Hello friends, In today’s article we see what to buy: applying this to your own need, from chapter 4 of Common stocks and Uncommon Profits book. Chapter 4 helps you to find which stocks we have to buy and what is the reason for that from the Common stocks and Uncommon Profits book. Previous Chapter […]

15th points of the outstanding company

15 points of outstanding company

Hello friends, In today’s article we see 15 points of the outstanding company from chapter 3 of common stocks and uncommon profits book. In 15 points of an outstanding company, you have to apply for each and every company to show the outstanding company. Philip A. Fisher gives these 15th points from his investment strategy […]

Investment Secret of Warren buffet

Investment Secret of Warren Buffett

Hello friends, in today’s, article we see how warren buffet use the method for his investment and they become the investment secret of warren buffett, that come form the chapter 2 of common stocks and uncommon profits book. This secret of warren buffet help him to become the $100 billion club person. Previous Chapter 1 […]

Common Stocks and Uncommon Profits: chapter 1

Common Stocks and Uncommon Profits: chapter 1

Hello friends, in today’s article we see the chapter 1, clues from the past of common stock and uncommon profits book. In this book Philip A. Fisher explain the how we can learn form the history, and how people are makes money in history, in chapter 1, clues from the past of common stocks and […]

Common stocks and Uncommon profits

Common Stocks & Uncommon Profits

Hello friends, in today’s article we see COMMON STOCKS AND UNCOMMON PROFITS book introduction. In this introduction Philip A. Fisher son write the three different preface about the COMMON STOCKS AND UNCOMMON PROFITS book. This introduction help you to know about the which parts of this book is very very much important and other parts […]

One Up On Wall Street: Chapter 20

One Up On Wall Street: Chapter 20

Hello Friends, In today’s article we see chapter 20 of one up one wall street book. In chapter 20 Peter Lynch explain the 50,000 Frenchman can be wrong in one up on wall street book. So let’s see chapter 20 of one up on wall street book. Previous Chapter 50,000 frenchman can be wrong:-One Up […]

One Up On Wall Street: Chapter 19

One Up On Wall Street: Chapter 19

Hello friends, in today’s article we see chapter 19 of one up on wall street book. in chapter 19 author discuss about the new derivatives of stock market i.e. Options, Future, and Shorts Selling. So let’s start chapter 19 of one up on wall street book. Future, Options, and Shorts Selling:-One Up On Wall Street: […]

  • The 12 Silliest things people says about stock prices
  • The Best time to Buy and Sell Stock
  • One Up On Wall Street: part 2 : point to remember
  • One Up On Wall Street book summary
  • One Up On Wall Street: Chapter 16
  • One Up On Wall Street book: Chapter 14
  • One Up On Wall Street: Chapter 13

Mr. Market

The Intelligent Investor: chapter 8
Common Stocks & Uncommon Profits: Chapter 4

Hello friends, In today’s article we see what to buy: applying this to your own need, from chapter 4 of Common stocks and Uncommon Profits book. Chapter 4 helps you to find which stocks we have to buy and what is the reason for that from the Common stocks and Uncommon Profits book. Previous Chapter […]

15th points of the outstanding company

Hello friends, In today’s article we see 15 points of the outstanding company from chapter 3 of common stocks and uncommon profits book. In 15 points of an outstanding company, you have to apply for each and every company to show the outstanding company. Philip A. Fisher gives these 15th points from his investment strategy […]

Investment Secret of Warren buffet

Hello friends, in today’s, article we see how warren buffet use the method for his investment and they become the investment secret of warren buffett, that come form the chapter 2 of common stocks and uncommon profits book. This secret of warren buffet help him to become the $100 billion club person. Previous Chapter 1 […]

Common Stocks and Uncommon Profits: chapter 1

Hello friends, in today’s article we see the chapter 1, clues from the past of common stock and uncommon profits book. In this book Philip A. Fisher explain the how we can learn form the history, and how people are makes money in history, in chapter 1, clues from the past of common stocks and […]

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