Author: Philip A.Fisher
- Trading books are a form of accounting ledger that contains records of all tradeable financial assets of a bank.
- Trading books are subject to gains and losses that affect the financial institution directly.
- Losses in a bank’s trading book can have a cascading effect on the global economy, such as those that occurred during the 2008 financial crisis.
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Widely respected and admired, Philip Fisher is among the most influential investors of all time.
Acclaim for Common Stocks and Uncommon Profits
“I sought out Phil Fisher after reading his Common Stocks and Uncommon Profits…When I met him, I was impressed by the man as by his ideas. A thorough understanding of the business, obtained by using Phil’s techniques…enables one to make intelligent investment commitments.”-Warren Buffett
“My own copy [of Common Stocks and Uncommon Profits] has underlinings and marginal thoughts throughout.”-John Train Author of Dance of the Money Bees
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