Top critical review
6 people found this helpful
Gather your own thoughts on this one, some may say Inspiring others Boring..
on May 14, 2014
As this is the book that influenced Warren Buffett to adjust Ben Graham's classic value investing methodology, it's definitely worth a read.
The most useful chapters for an investor are Chapter 3 "What to Buy: the fifteen points to look for in a common stock", Chapter 8 "Five Don'ts for Investors, and Chapter 9 " Five More Don'ts for Investors." Fisher's Common Stocks and Graham's the Intelligent Investor are the two basic building blocks that every investor must master to be successful in the stock market.
However the essential message of Fisher is that it is better to pay a premium for a great business than a discount for a lousy business. To this end, Fisher goes about explaining how to uncover such great businesses in the securities market.