Paths to Wealth Through Common Stocks

Paths to Wealth through Common Stocks contains one original concept after another, each designed to greatly improve the results of those who self-manage their investments -- while helping those who rely on professional investment advice select the right advisor for their needs. Originally written by investment legend Philip A. Fisher in 1960, this timeless classic is now reintroduced by his well-known and respected son, successful money manager Ken Fisher, in a new Foreword. Filled with in-depth insights and expert advice, Paths to Wealth through Common Stocks expands upon the innovative ideas found in Fisher's highly regarded Common Stocks and Uncommon Profits -- summarizing how worthwhile profits have been and will continue to be made through common stock ownership, and revealing why his method can increase profits while reducing risk. Many of the ideas found here may depart from conventional investment wisdom, but the impressive results produced by these concepts -- which are still relevant in today's market environment -- will quickly remind you why Philip Fisher is considered one of the greatest investment minds of our time.

Foreword ix Preface: The Need for Additional Investment Books xix Part I: Adjusting to Key Influences of the 1960’s 1 Stocks and Inflation; Institutional Buying; Foreign Competition; Increased Population; The Economists Go Out—The Psychologists Come In Part II: How the Greatest Increases in Stock Values Come About 70 Alert Corporate Management; A New Concept; The Role of Institutional Buying; A Reward Usually Overlooked Part III: You and Where Your Investment Business Must Go 91 Methods of Investment Evaluation; Five Steps for Selecting the Right Investment Counselor Part IV: Trivia but not Entirely 122 What About Mergers?; Voting Rights and Proxy Fights; Should You Buy or Sell Stocks Because of U.S. Election Prospects? Part V: Major Growth Industries of the 1960’s 149 The Chemical Industry; The Electronics Industry; The Pharmaceutical Industry; Other Interesting Industries; The False Growth Stocks of the Immediate Post-War Years Index 205