Money and Finance
From Common Stocks and Uncommon Profits:
- Henry Ford, Business Reinvestment, And Higher Wages Leading To Lower Labor Costs
I think the excerpt below, from The Dao of Capital, about Henry Ford shows a few traits that many successful businesses have in common. I specifically thought about Amazon.com and Costco in regards to lowering costs, heavy reinvestment, and...
- More From Phil Fisher On Diversification
From Common Stocks and Uncommon Profits and Other Writings: Usually a very long list of securities is not a sign of the brilliant investor, but of one who is unsure of himself. If the investor owns stock in so many companies that he cannot keep in touch...
- Phil Fisher On Profit Margins And Marginal Companies...
From Common Stocks and Uncommon Profits: From the standpoint of the investor, sales are only of value when and if they lead to increased profits. All the sales growth in the world won't produce the right type of investment vehicle if, over the years,...
- Make The Most Of Your Investing Mistakes
Like most people, I don't like being wrong. Trouble is, I'm wrong quite often. To err is human, after all, and I've come to accept the fact that I'll make incorrect choices in the course of everyday life, such as the time I was about...
- Dividend Reinvesting Or Not?
I was thinking for a while to reinvest dividends automatically or not. I used to reinvest dividends automatically. Then I decided not to reinvest it automatically since I plan to sell stocks at some point and so I didn't want to have short term sale...
Money and Finance
Phil Fisher quote
From Common Stocks and Uncommon Profits:
"...there is a complicating factor that makes the handling of investment mistakes more difficult. This is the ego in each of us. None of us likes to admit to himself that he has been wrong. If we have made a mistake in buying a stock but can sell the stock at a small profit, we have somehow lost any sense of having been foolish. On the other hand, if we sell at a small loss we are quite unhappy about the whole matter. This reaction, while completely natural and normal, is probably one of the most dangerous in which we can indulge ourselves in the entire investment process. More money has probably been lost by investors holding a stock they really did not want until they could ‘at least come out even’ than from any other single reason. If to these actual losses are added the profits that might have been made through the proper reinvestment of these funds if such reinvestment had been made when the mistake was first realized, the cost of self-indulgence becomes truly tremendous."
- Henry Ford, Business Reinvestment, And Higher Wages Leading To Lower Labor Costs
I think the excerpt below, from The Dao of Capital, about Henry Ford shows a few traits that many successful businesses have in common. I specifically thought about Amazon.com and Costco in regards to lowering costs, heavy reinvestment, and...
- More From Phil Fisher On Diversification
From Common Stocks and Uncommon Profits and Other Writings: Usually a very long list of securities is not a sign of the brilliant investor, but of one who is unsure of himself. If the investor owns stock in so many companies that he cannot keep in touch...
- Phil Fisher On Profit Margins And Marginal Companies...
From Common Stocks and Uncommon Profits: From the standpoint of the investor, sales are only of value when and if they lead to increased profits. All the sales growth in the world won't produce the right type of investment vehicle if, over the years,...
- Make The Most Of Your Investing Mistakes
Like most people, I don't like being wrong. Trouble is, I'm wrong quite often. To err is human, after all, and I've come to accept the fact that I'll make incorrect choices in the course of everyday life, such as the time I was about...
- Dividend Reinvesting Or Not?
I was thinking for a while to reinvest dividends automatically or not. I used to reinvest dividends automatically. Then I decided not to reinvest it automatically since I plan to sell stocks at some point and so I didn't want to have short term sale...