Super Stocks - Hardcover

Fisher, Kenneth L.

Hardcover

ISBN 10: 0931133033 ISBN 13: 9780931133039

Publisher: Business Classics, 1991

Synopsis

Suggests new techniques for evaluating stocks and predicting future profit margins and includes case histories

About this title

From the Author:

The son of author Philip Fisher (Common Stocks & Uncommon Profits), rebel Ken had to make his own way in the investment world. Super Stocks is the product of his unique take on investing in the stock market. Eschewing a good deal of his father's no-numbers approach, Ken popularized the use of the price/sales ratio (PSR) and price/research ratio (PRR) in this 1984 classic that earned him a permanent spot as a columnist in Forbes. Although Fisher hardly invented the price/sales ratio, his emphasis of it is unmatched in investment history, save perhaps Ernie Kiehne, formerly of Legg Mason's Value Fund.

Fisher's Super Stocks is an idiosyncratic romp through the technology heyday of the early '80s. Fisher tells story after story of how high-fliers hit a short-term flame-out he called the "glitch" and the price/sales ratio and price/research ratio got him in at the bottom. Although he only gives quantitative price/sales ratios on technology-related stocks for the 1983 and 1984 time frame, his ability to construct an entire approach to valuation outside of the earnings-preoccupied mainstream still makes for compelling reading. Fisher has not completely escaped his father, though. The guy talks about the businesses he buys in lurid detail, advising investors that to be successful they need to do the same. As rich in investment war stories as it is in knowledge, Super Stocks makes for an excellent read.

About the Author:

Kenneth Fisher is the founder, chairman, and CEO of Fisher Investments, an independent global money management firm with more than $30 billion in assets. He pioneered Price Sales Ratios in stock analysis and is the bestselling author of The Only Three Questions That Count.

About this edition

• Publisher: Business Classics
• Publication date: 1991
• ISBN 10: 0931133033
• ISBN 13: 9780931133039
• Binding: Hardcover
• Number of pages: 248