|# of Units:||3 CDs|
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Ugh, is there anything less exciting than value investing? Fisher's one of Buffett's mentors, so he obviously knows his stuff, but let me save you the hours of drudgery this listen will subject you to. He says there are stocks that will turn into $250k or more over a 25-50 year period if you invest $10k in them. He recommends finding these unbelievable wealth rockets by hiring a management expert to review, in detail, blue-chip companies' operations; finding and interviewing ex-employees; and somehow getting time on the calendars of executives of competitors to interview them. Of course, the time, effort, and expense involved in doing this for enough companies to develop a decent portfolio would run you many time your initial investment of $10k, so it's all pretty much moot. Let me recommend: buy one of Vanguard's major index ETFs and walk away. In Fisher's 25-50 year timeframe, it'll turn into $500k on the low end and well over a million on the high.
I will save you from three borning hours with my own abridgement. "Buy growth stocks and don't sell them." Maybe I should be a writer?
Warren Buffet loves this guy, but it is too deep for casual or inspiration listening on a commute. Oh, it is great dozing material on those sheep counting nights. Got nada out of it.