By the time you have made your way to my site, you have already read Benjamin Graham’s The Intelligent Investor. You’ve gone through Warren Buffett’s annual letters to shareholders of Berkshire Hathaway. And you’ve read Philip Fisher’s Common Stocks and Uncommon Profits.
Once you figure out the general rules that you are going to use to guide your investment decisions, the next step is the application. How do you connect the timeless philosophical principles that lead to long-term superior investment performance to actual circumstances in real life?
Philip Fisher wrote in his book that: “The wise investor can profit if he can think independently of the crowd and reach the right answer when the majority of financial opinion is leaning the other way. Usually, there is a need for patience of big profits are to be made from an investment.”
There are a lot of ways to apply this sentiment, … Read the rest of this article!