![]() ![]() This is the classic - standard - book on investing. ![]() If I had to pick/summarize his negative thesis, it would be, "Be an investor don't be a trader."Īlso, interesting comments in the last 1/3 (and particularly in the last section, which is actually titled "Is The Market Efficient?") on his (very dim) view of Efficient Market Theory as it was coming into vogue but before its heyday. That right there is the thesis of "growth investing." Which is usually take as one camp sort-of-in-opposition to "value investing." But I have a strong feeling Fisher would argue that true growth investing is (future) value investing. The fundamental message: choose a few stocks, choose them wisely after much investigation and comparison, with all your research and evaluation aimed at owning great companies that will perform outstandingly for the long haul (at least 3 years, minimum left open-ended so as to be "forever" elsewhere in one or two places put as "3 to 5 years".) And that's it. ![]() A classic that is a few spots is definitely showing its age (other than talking about prices in 1/8's). ![]()
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