Kyle Grieve talks about "Common Stocks and Uncommon Profits" by Philip Fisher. He explores why the book was influential for Warren Buffett's transition to investing in quality businesses, the importance of a deep understanding of a business for long-term success, ways to learn about a business and its management, and the development of Philip Fisher's investing philosophy.
IN THIS EPISODE YOU’LL LEARN: 00:00:00 - Intro 00:02:40 - The importance of avoiding dogmatic thinking in investing 00:03:31 - Why owning growing businesses is so powerful for great investments 00:04:06 - How to evaluate a business's growth prospects 00:07:12 - How you should look at relations between a business and its employees 00:13:31 - How Amazon has strengthened its moat by thinking long-term 00:26:03 - The three ways a business can fund its growth and which are the most beneficial to shareholders 00:34:13 - Why you should seek transparency in your management teams 00:35:37 - How to balance investing in growth businesses with being a conservative investor 00:46:51 - Why having the ability to see the future of a business's profits is so key for minimizing risk 00:53:20 - The importance of consistently monitoring your businesses, no matter how well they've performed for you in the past
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▶️ RELATED EPISODES: - Warren Buffett's Wealth-Building Secrets REVEALED! w/ Robert Hagstrom: https://youtu.be/6o4LFH6zp6s - Jeff Bezos' Secrets to Amazon's Success: Top Takeaways From His Shareholder Letters: https://youtu.be/nbJnzQRZlA4 - 7 Powers: Business Durability & Strategy Masterclass w/ Hamilton Helmer: https://youtu.be/j7Vn7l8QtxU - Investing Lessons From Darwin | What I Learned About Investing From Darwin: https://youtu.be/0yPSz0woziw - Warren Buffett's Recommended Book: The 10 Commandments Of Business Failure w/ David Fagan: https://youtu.be/QCRuETrqEtQ
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ABOUT OUR SHOW 🎙 On We Study Billionaires, we interview and study famous financial billionaires including Warren Buffett, Bill Gates, and Ray Dalio. We teach you what we learn and how you can apply their investment strategies in the stock market.
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