EP36 (Part 2) Philip Fisher’s 15 Points On What Stocks To Buy
Value Investing Podcast - A podcast by Jun Kim, CFA
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Support this podcast through your donation: https://paypal.me/valueinvesting Subscribe to the podcast: http://valueinvesting.blubrry.net/subscribe-to-podcast/ We continue to talk about the remaining 7 points (out of 15 points) that Philip Fisher checks when buying a company. The content of this episode was from his book (Common Stocks and Uncommon Profits: https://amzn.to/2QRM7mR) Does the company have depth to its management? How good are the company's cost analysis and accounting controls? Are the 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? Does the company have a short-range or long-range outlook in regard to profits? In the foreseeable future will the growth of the company require sufficient equity financing so that the larger number of shares then outstanding will largely cancel the existing stockholders' benefit from this anticipated growth? Does the management talk freely to investors about its affairs when things are going well but "clam up" when troubles and disappointments occur? Does the company have a management of unquestionable integrity?