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Philip Fisher's 15 Points Checklist for Good Stock Selection
Original: Philip Fisher's 15 Points Check List ✅ For Good Stocks 🤑 Selection
Takeaway
Apply Fisher's scuttlebutt technique and 15-point checklist to weed out bad companies before investing in any stock.
Summary
- Buffett credits Philip Fisher for growth-investing philosophy alongside Benjamin Graham; Fisher's book 'Common Stocks and Uncommon Profits' is the source.
- Scuttlebutt technique uses four sources: competitors (most candid about target's strengths/weaknesses), former employees (apt info on real workings), suppliers (volume and relationship signals), and customers (product satisfaction).
- 15-point checklist starts with: (1) Expanding market (e.g. KPIT Technologies) not shrinking market (e.g. Hathway Cables hurt by OTT/DTH).
- (2) Management commitment to developing new products - Nokia cited as cautionary tale for not adopting Android.
- Tijori Finance website mentioned as a practical tool for finding supplier information for any company.
Philip Fisherscuttlebuttstock selection
Original description
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