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Weekend Reads – 5/19/23

May 19, 2023 by Jon

Quote for the Week

Price does matter. You increase your profit potential immensely if you buy low. If I buy at 32 and the stock goes to 75, I make a good profit. But if I buy at 20 and it goes to 75, I make a much higher return. Even a great company can be priced too high if there’s a lot of glamour attached to it. In that sense, temporary bad news about a good company may create a buying opportunity. It’s my job to find unusual companies and then judge whether the price they’re selling at is too high. — Philip Fisher (source)

From the Archives

  • Philip Fisher Explains His Growth Philosophy
  • Phil Fisher: The Art of Holding On

Last Call

  • 31 Lessons I’ve Learned About Money – R. Holiday
  • Second Order Thinking – The Better Letter
  • Regret and Optimal Portfolio Allocations – Enterprising Investor
  • I will Go for Outperformance, Thank You Very Much – Klement on Investing
  • What’s the Best-Performing Asset Type During a Recession? – C. Benz
  • Concentrating on the Best – Verdad
  • Henry Ford’s Life and Work – Rational Walk
  • How Technology has Changed the World Since I was Young – Noahpinion
  • The Long Strange History of the Baseball Cap – MLB
  • Remembering When Horse Diving Was an Actual Thing – Atlas Obscura
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