Philip Fisher laid down his arguments for growth investing and explained the thought process and framework in his classic investment book ‘Common Stocks and Uncommon Profits’, widely regarded as the bible for growth investing. He advocated the 15 points of key assessment criteria for a company to fulfill, in order to be considered a good growth stock.
If one has read through the book especially on the 15 points and the ‘Scuttle butt’ research method, one will realise that the 15 points criteria are largely qualitative and requires the investor to have sharp business acumen, the foresight ...
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