This approach is basically the way I ended up making decisions without having heard about Fisher before. Through trial and error and considerable time writing down theories, pondering over the logic of it all etc I've ended up doing a lot of the things mentioned here. For example i once took the entire cybersecurity sector and began comparing numbers, i figured out how to judge their numbers relative to each other and made a formula for that sector and calculated it for each stock, i narrowed it down to a dozen or so stocks. those i put in a watchlist and left it sitting for years out of a lack of money and because i felt i wasn't ready to risk the tiny amount of money i had. now years later all the stocks are in the green and on average beat the market considerably.
It will! No one wanna read the entire book by him/herself if someone is gonna do it real good for them! Everyone loves it! Please continue to do what you have been doing!
Sir, Thanks for your contribution, you just literally help me summarize most of the book I planned to read, I'm a kinda slow reader, It took me over 4 months to finish The intelligent investor, yet, I still can't get the most out of it unlike what you did. So, by watching your entire videos, I just save 3 years of reading time. Thank you so much for your generosity, I wish you great success in you investment.
Common stocks uncommon profits is the greatest investment book ever written, it doesn't give you a step by step investment strategy like some books but it gives you the general framework needed when looking for great opportunities. This book along with some Peter Lynch and accounting knowledge is all you need to succeed.
It is really focused on stocks. Intelligent investor is focused on the investors philosophy which gives insights to bonds and company issues. I would suggest starting with the intelligent investor.
3:00 Secret tip: "Don't buy airlines" followed by a picture of Warren Buffet. The fact that Berkshire Hathaway owns airline stocks requires further examination. You should make a video series on famous investors breaking their own rules or styles that are evolving with the times. I think a lot can be learned from these 'exceptions' so that readers understand how to apply these strategies that were written half a century ago. I haven't looked into it too closely but some ppl speculate that Berkshire considers the competitive landscape in airlines to be different now than in the past. I have also heard ppl say that the economics of the industry have changed due to more efficient planes. I think an exploration like this can help readers contextualize these strategies and techniques and understand which are universal truths that can be applied to today's market and which are things that were true in the past but have changed.
This is a very good comment. Thank you for the suggestion about looking at exceptions, I'll make sure to write that down. To be honest, I haven't kept myself up-to-date regarding Berkshire Hathaway and its current portfolio, but I see now that it has a quite a few airline companies in it: www.cnbc.com/berkshire-hathaway-portfolio/ . When I made the comment in the video I thought about historical quotes of Buffett such as: "I now have an 800 number I call every time I think about buying a stock in an airline. I say, “I am Warren and I am an air-aholic.” "“The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. Think airlines. Here a durable competitive advantage has proven elusive ever since the days of the Wright Brothers. Indeed, if a farsighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favor by shooting Orville down.“ But conditions and stock prices change, and of course there will always be a price where even the most competitive industry is an attractive one from an investment perspective. My "recommendation" in the video must be taken with a pinch of salt though, that's why I did it in a whisper 😊
@@chromosomegun5845 When you and I drop stock, it does nothing to the stock, Buffet has to think about ruining billion dollar businesses when he just drops them and no one else picks up the tab. But I guess Covid acted like AA for Buffet's addiction. Kicked the habit.
This is the best TH-cam channel for book summaries. Man, you bring SERIOUS value. You’re teaching very valuable, life changing things. You must be one smart SOB after all the books you’ve summarized 😝 lol.
This channel should be a lot bigger than it is, if only just for these take away videos. Great animation, great topics, great synopsis that is not too shallow nor too deep. I wish the best for you.
Thank you a lot YOUsernameism for this comment! Really appreciate it, and I'm happy to hear that you find the videos to be in some kind of sweet-spot between shallow and deep. Cheers! 😁
Security Analysis is the science of investing, Common Stocks and Uncommon Profits is the art. I find those works, Intelligent Investor, and Lynch’s books are the best. Honorable mention for Random Walk by Malkiel.
I thought I'd try to finish Security Analysis during our month long lock down but it was taking too long to even just read one chapter (got up to ch 8). I'm now over 15 videos in and I plan to recap those videos over the coming days by taking more detailed notes and start applying those concepts in my personal investment. Thanks for making learning fun and easy to digest!
It is not a reading book. It is a text book that you learn from. When you study the book you learn from it and it is a slow process not intended to be fast and quick. Start with the intelligent investor and then go and learn some fiance and then move to Security analysis.
I busted my gut at 4:58 when you snapped a page from Keynes General Theory book!!!! I literally just finished that beast a few months ago and it was mind blowing and baffling lol. Good on ya mate!!
The early bit of the book when he's talking about transistors and how not just color TVs but basically flat panel TVs are going to likely be the future in 1956 was brilliant and hilarious insight. He got it perfectly right 50 years ahead.
This may be the greatest investment book I’ve EVER read. Wish I would’ve read it sooner! Definitely in my top 3 with Intelligent Investor and One up on Wall Street.
The best way to scuttlebutt, is to literally walk out of your house, walk down the street, and observe. Which products and services are consumers ACTUALLY buying and using? If you are thinking of investing in a company you have never heard of, ask why am I investing in a company I have never heard of?
True, this is not practial for lots of companies. I cannot leave my house and find out how Google/Alphabet are doing. The internet is one of the best resources for scuttlebutt. It isn't perfect, but for practical purposes it is likely the most efficient. Yes, your method works in a few specific industries like retail, fast-food, restaurants, and maybe a few others.. but in most cases, this isn't practical. I cannot leave my house and infd out how Amazon are doing.. for example.
Phenomenal video, champion. Definitely confirmation for some of the research I've been doing. Downloaded this Audiobook and been reading Philips quotes.
Regarding dividends, the funniest thing to see is have a company that has a bunch of debt pay dividends. How does it make any sense? How are so many people asleep not seeing the obvious problem?
Which method do you personally prefer? Value or growth strategies? I find that a lot of what Fisher says is contradicted by Graham in the Intelligent Investor- especially about how we first filter companies based on value and then look at the business. Essentially, identify what is cheap first and then filter based on what's worthy of investment or not. Graham also says that margin of safety arises when the earnings yield over many years exceeds the going rate if goverment bonds. Where growth investing loses out is that it makes you forget to ask "how much" before buying any stock
Hey Ayush Zaveri! This is a good question. I'd love to expand on this one, but it will probably have to be in a video instead of in the comment section. In my own approach I demand value, but I don't mind some growth in there too. Buffett would say that they are variables in the same equation. Investment returns = Value x Growth, or something similar to that (this is not mathematically correct, you'll have to think in abstract terms)
Amazing video as the same others from your channel. But for me the item 10 (Great cost analysis) from the 15 points is very subjective. I know an efficient analysis can be reflected on Ebitda but that bugs my mind when we think in the long term. What is your understand about it ? Thanks again for the great material here.
I think it is one of the least important points here, because the difference between different companies in this regard is probably not as high as with many of the other points.
Thank you for your question canja sirep. Dividends are most commonly compared to the price of the stock, as this tells how high the yield is (comparable to a bond). In this takeaway, I wanted to show how high the yield on your initial investment can become in a stock that has strong earning growth, even when the dividends were low to start with.
You can find all information on companies 10k, investor presentations and do a individual research on CEO and managment team, stay updated on the news of the company, read their financial statement, and be rational. You dont neet to contact people that work for a company or the industry its self, to find information if you want to invest in the company.
You have the internet so it is easy to find people today in different industries. The key that many investors starting out do not understand that is as much qualitative as it is quantitative. Judging the quality of a company is as important as judging their numbers.
Overall, the sector has been a terrible investment during the last decades. Low barriers of entry, two very dominant suppliers, almost no customer loyalty ... these are all factors that have ruined the profit margins of the industry. With that being said - an airline company can be a good investment. You just need to find one cheap enough to compensate for the competitiveness of the industry.
this is fiction and unreal list i dont have so much resource to get first takeaway list plus his talking as if every in the industry is friendly and open to share all this information.
But the bulk of the company is their main Cola brand. The rest is just diversification for them but they make their money through the cola. There are 3 billion new customers coming to the market place over the next decade that they can sell their Cola to.
Learn to invest like the world’s greatest - Warren Buffett: bit.ly/2RT5per
The Swedish Investor
What is a shacklist?
The Swedish Investor Do Paths To Wealth Through Common Stocks next!!!
This approach is basically the way I ended up making decisions without having heard about Fisher before. Through trial and error and considerable time writing down theories, pondering over the logic of it all etc I've ended up doing a lot of the things mentioned here. For example i once took the entire cybersecurity sector and began comparing numbers, i figured out how to judge their numbers relative to each other and made a formula for that sector and calculated it for each stock, i narrowed it down to a dozen or so stocks. those i put in a watchlist and left it sitting for years out of a lack of money and because i felt i wasn't ready to risk the tiny amount of money i had. now years later all the stocks are in the green and on average beat the market considerably.
This channel is so undervalued.
Great job.
Love to hear it, let's hope that it can grow some more 🙌
It will! No one wanna read the entire book by him/herself if someone is gonna do it real good for them! Everyone loves it! Please continue to do what you have been doing!
If this Channel would be a stock, warren buffet would definitely buy it. BIG TIME
Buy it now! hehe
Sir, Thanks for your contribution, you just literally help me summarize most of the book I planned to read, I'm a kinda slow reader, It took me over 4 months to finish The intelligent investor, yet, I still can't get the most out of it unlike what you did. So, by watching your entire videos, I just save 3 years of reading time. Thank you so much for your generosity, I wish you great success in you investment.
Man, this is the comment of the month 😍 I'm very glad you decided to share this, thank you for your kind words! It's motivating! 🔥
X1000
Common stocks uncommon profits is the greatest investment book ever written, it doesn't give you a step by step investment strategy like some books but it gives you the general framework needed when looking for great opportunities. This book along with some Peter Lynch and accounting knowledge is all you need to succeed.
It is really focused on stocks. Intelligent investor is focused on the investors philosophy which gives insights to bonds and company issues.
I would suggest starting with the intelligent investor.
Can you say other books that do give a step by step investment strategy?
3:00 Secret tip: "Don't buy airlines" followed by a picture of Warren Buffet. The fact that Berkshire Hathaway owns airline stocks requires further examination. You should make a video series on famous investors breaking their own rules or styles that are evolving with the times. I think a lot can be learned from these 'exceptions' so that readers understand how to apply these strategies that were written half a century ago.
I haven't looked into it too closely but some ppl speculate that Berkshire considers the competitive landscape in airlines to be different now than in the past. I have also heard ppl say that the economics of the industry have changed due to more efficient planes. I think an exploration like this can help readers contextualize these strategies and techniques and understand which are universal truths that can be applied to today's market and which are things that were true in the past but have changed.
This is a very good comment. Thank you for the suggestion about looking at exceptions, I'll make sure to write that down.
To be honest, I haven't kept myself up-to-date regarding Berkshire Hathaway and its current portfolio, but I see now that it has a quite a few airline companies in it: www.cnbc.com/berkshire-hathaway-portfolio/ . When I made the comment in the video I thought about historical quotes of Buffett such as:
"I now have an 800 number I call every time I think about buying a stock in an airline. I say, “I am Warren and I am an air-aholic.”
"“The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. Think airlines. Here a durable competitive advantage has proven elusive ever since the days of the Wright Brothers. Indeed, if a farsighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favor by shooting Orville down.“
But conditions and stock prices change, and of course there will always be a price where even the most competitive industry is an attractive one from an investment perspective.
My "recommendation" in the video must be taken with a pinch of salt though, that's why I did it in a whisper 😊
@@TheSwedishInvestor Great work keep it up. BTW, Berkshire Hathaway sold all thier airline stocks recently at a massive loss.
And how did that work out for Buffett?
Rowen Fernandes Anyone who says they saw the Coronavirus coming before mid-January is lying.
You’re in good company if you lost money in Q1 and Q2.
@@chromosomegun5845 When you and I drop stock, it does nothing to the stock, Buffet has to think about ruining billion dollar businesses when he just drops them and no one else picks up the tab. But I guess Covid acted like AA for Buffet's addiction. Kicked the habit.
This is the best TH-cam channel for book summaries. Man, you bring SERIOUS value. You’re teaching very valuable, life changing things. You must be one smart SOB after all the books you’ve summarized 😝 lol.
This channel should be a lot bigger than it is, if only just for these take away videos. Great animation, great topics, great synopsis that is not too shallow nor too deep. I wish the best for you.
Thank you a lot YOUsernameism for this comment! Really appreciate it, and I'm happy to hear that you find the videos to be in some kind of sweet-spot between shallow and deep. Cheers! 😁
how everyone feels who watches these videos ^
Excellent job, thanks for your time and dedication.. great summaries.
Wonderful Marco Montecino! 🙌 Cheers!
Security Analysis is the science of investing, Common Stocks and Uncommon Profits is the art. I find those works, Intelligent Investor, and Lynch’s books are the best. Honorable mention for Random Walk by Malkiel.
advise from a genius: pick good companies and not bad companies.
Haha u were right about investing in the airlines!
Probably not
I just made 120000
Akshay Goswami it doesn’t affect the conclusion as long as most people lose money
Are you a dictionary? Cause you’re adding meaning to my life.❤👍😂
@@akshaygoswami9153 Did you short em?
I thought I'd try to finish Security Analysis during our month long lock down but it was taking too long to even just read one chapter (got up to ch 8). I'm now over 15 videos in and I plan to recap those videos over the coming days by taking more detailed notes and start applying those concepts in my personal investment. Thanks for making learning fun and easy to digest!
It is not a reading book. It is a text book that you learn from. When you study the book you learn from it and it is a slow process not intended to be fast and quick.
Start with the intelligent investor and then go and learn some fiance and then move to Security analysis.
i will find it difficult to visit many companies. but the DD expressed in this video is spot on !
I love this channel so so much. I would love to see a video of your stock portfolio or a stock recommendation video
I busted my gut at 4:58 when you snapped a page from Keynes General Theory book!!!! I literally just finished that beast a few months ago and it was mind blowing and baffling lol. Good on ya mate!!
Haha that one seems like a beast, yes 😂
The early bit of the book when he's talking about transistors and how not just color TVs but basically flat panel TVs are going to likely be the future in 1956 was brilliant and hilarious insight. He got it perfectly right 50 years ahead.
This may be the greatest investment book I’ve EVER read. Wish I would’ve read it sooner! Definitely in my top 3 with Intelligent Investor and One up on Wall Street.
The best way to scuttlebutt, is to literally walk out of your house, walk down the street, and observe. Which products and services are consumers ACTUALLY buying and using?
If you are thinking of investing in a company you have never heard of, ask why am I investing in a company I have never heard of?
True, this is not practial for lots of companies. I cannot leave my house and find out how Google/Alphabet are doing. The internet is one of the best resources for scuttlebutt. It isn't perfect, but for practical purposes it is likely the most efficient. Yes, your method works in a few specific industries like retail, fast-food, restaurants, and maybe a few others.. but in most cases, this isn't practical. I cannot leave my house and infd out how Amazon are doing.. for example.
@@mdaniels6311 yes you can, for example, you can see delivery trucks,, post boxes etc. Amazon has a huge international presence if you are looking.
I watched it twice:
1- To benefit
2- To laugh
Wow. Great work. Just finished the book --- that really solidified the points I got from the book.
I'm happy to hear that it helped you even though you've already read the book Henry, cheers!
The middle part was amazing when you show everyones view about you 👍
Just one quick question, does Philip fisher ever considered to look at financial statements and balance sheet?
Phenomenal video, champion. Definitely confirmation for some of the research I've been doing. Downloaded this Audiobook and been reading Philips quotes.
Cheers man! Philip Fisher is amazing, first time I read this book I was stunned by all the value it provided.
Regarding dividends, the funniest thing to see is have a company that has a bunch of debt pay dividends. How does it make any sense? How are so many people asleep not seeing the obvious problem?
You should do one on " The 3% Signal" can help alot of people and can be somewhat easily summarized I feel. your content is great though thank you.
Only invested in airlines once. Dal the day Buffett bailed. I collected 69% in 1 day! Know when to invest
Which method do you personally prefer? Value or growth strategies?
I find that a lot of what Fisher says is contradicted by Graham in the Intelligent Investor- especially about how we first filter companies based on value and then look at the business. Essentially, identify what is cheap first and then filter based on what's worthy of investment or not. Graham also says that margin of safety arises when the earnings yield over many years exceeds the going rate if goverment bonds.
Where growth investing loses out is that it makes you forget to ask "how much" before buying any stock
Hey Ayush Zaveri! This is a good question. I'd love to expand on this one, but it will probably have to be in a video instead of in the comment section. In my own approach I demand value, but I don't mind some growth in there too. Buffett would say that they are variables in the same equation. Investment returns = Value x Growth, or something similar to that (this is not mathematically correct, you'll have to think in abstract terms)
A book I return to again and again.
Really love the channel. Thank you so much.
10:05
50 positions is a good number for me. A little diversification, but not too much.
Sir I want to grow fishes in a big pond. Thank you so much for making good video. I saw the first video Sir.
Great summary! Keep it up :)
Next Security Analysis by Benjamin Graham please.
Done 👍
5:00 soo accurate (untill the scuttlebutt part)
your youtube channel is underrated. Subbed
I love that complement, cheers captstevoho 🙌
Very, very good. Thank you.
Amazing video as the same others from your channel.
But for me the item 10 (Great cost analysis) from the 15 points is very subjective. I know an efficient analysis can be reflected on Ebitda but that bugs my mind when we think in the long term. What is your understand about it ? Thanks again for the great material here.
I think it is one of the least important points here, because the difference between different companies in this regard is probably not as high as with many of the other points.
The Swedish Investor Good point. Thank you again.
Thankyou!! But the video was quite slow.
The management
Thank u for the video,very helpful.Keep doing this gem videos 🙌😘
Wow! I got 20k more subscribers in the last 2 weeks! Congratulations!
This is the goal
Amazing Channel! Thanks from Singapore!
Your Channel is very valuable 🙌👌 you should get more viewers/subscribers 👏👏 I’ll be sharing for sure 🙏🌺
Thank you Hana Hamel for your support! I'd be grateful for the sharing! :)
Thanks alot, Im from Indonesia 🙏
Excellent book, excellent video!
Many thanks!
awesome work!! thanks a ton
Great job 👏👏
3:01 his tip is accurate aff during this pandemic LMAO
Haha, got lucky on that one ;)
The loophole is that buy ETFs. Invest lets say 80% in companies you have done your research about and 20% in total stock market.
Thank you.
9:12 Why the rates of dividend were calculated on selling prices instead of profits of the companies?
Thank you for your question canja sirep. Dividends are most commonly compared to the price of the stock, as this tells how high the yield is (comparable to a bond). In this takeaway, I wanted to show how high the yield on your initial investment can become in a stock that has strong earning growth, even when the dividends were low to start with.
Amazing video.
¡Great summary as always!
I read the book and the part of dividends is not accurate ...
Great work
Thank you!
Which was the company you choose as per this book?
Did you find any matching companies as per the filter?
Tesla
Great work!
Thanks Forlorn One! 😁
Diversities is key to better investement
amazing videos!
I’m curious as to why not to invest in airline companies. Can anyone chime in?
3:00 aged pretty well for Buffet 😂
where can (online)I buy these books for very cheaper price?
Lib gen and or pdfdrive (free)
soooo good thx mate
Going on linkedin and asking the CEO of Airbus about the the future of Boeing... Good luck with that !
It does not have to be the CEO it could management, sales rep and so on. And not all businesses are billion dollar organisations.
VW is notable that it has one of the best labour relations with their workforce, out of all the car makers.
and also management that cheats emissions and has no clue on renewables and underestimated tesla massively.
@@witoldschwenke9492 if you say so
How can retail investor do all this research?
+1 :::::7::6:::2:::2::4:::8:::2:::3:::2:::0:???
How relevant would you say this book is today?
Very relevant! One of my all-time favorites!
Great
you rock by the way
Every 2 day i saw this video supub job.
Lovely comment - very glad to hear it dhaval parmar! 🙌
Nice
0:19 0:28
Found an uncommon channel in crowd of common channels
Yup, invest in airline is too risky
Who else bought the book after this
You can find all information on companies 10k, investor presentations and do a individual research on CEO and managment team, stay updated on the news of the company, read their financial statement, and be rational. You dont neet to contact people that work for a company or the industry its self, to find information if you want to invest in the company.
You have the internet so it is easy to find people today in different industries. The key that many investors starting out do not understand that is as much qualitative as it is quantitative.
Judging the quality of a company is as important as judging their numbers.
Point 15: -> You can't invest in banks 🙂
🙏🏼
Suber
Why not invest in airline companies? Explain your views
Overall, the sector has been a terrible investment during the last decades. Low barriers of entry, two very dominant suppliers, almost no customer loyalty ... these are all factors that have ruined the profit margins of the industry. With that being said - an airline company can be a good investment. You just need to find one cheap enough to compensate for the competitiveness of the industry.
warren buffet say in last interview that decade of bad luck for air companies is finished, look his last investments
@@TheSwedishInvestor
Awful profit margins
@@TheSwedishInvestor your correct
look at the airline stocks right now 😂😅
Another unconventional truth: buffet is more of a fisher than a graham
yet Delta Airlines...
Haha, Buffett's view on airlines has apparently changed 😊
@@TheSwedishInvestor And then changed again
Airlines have become extremely volatile and that was pre covid.
Why didn't you like airlines? Why did Mr. Buffet? Doesn't seem like his style. idk...
this is fiction and unreal list
i dont have so much resource to get first takeaway list plus his talking as if every in the industry is friendly and open to share all this information.
the only search Erik A of your name seems not around on earth : ).. anyway good videos but seem like a pseudoannon channel
OMG THE DRAWING HAND !! Ack. No please no
Excuse me
Coca-Cola has dozens of products and brands!
But the bulk of the company is their main Cola brand. The rest is just diversification for them but they make their money through the cola.
There are 3 billion new customers coming to the market place over the next decade that they can sell their Cola to.
great work