Common Stocks and Uncommon Profits

Philip Fisher’s classic — one of the first books to argue that value discipline can be applied to growth companies, and the origin of the scuttlebutt method.

Context: A stated influence on Warren Buffett, who has described his own approach as part Graham and part Fisher.

Why it’s on the list: The bridge between value and growth, written before the two were treated as opposing camps.

Where I saw it: Mohnish Pabrai published a list of the six books that helped him most in learning to invest; it reached Kyle through a thread by Daniel Mahncke.

Connections

• Mohnish Pabrai — recommended it
• Warren Buffett — cites Fisher as a formative influence
• Value Investing