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Phil Fisher and Edward Chancellor Books Added to My Library

In 2024, I challenged myself to accelerate my learning by reading a book (usually a biography) a week. To date, I’ve done it for 66 consecutive weeks. I wanted to share what I was reading and also keep track for myself, which was difficult (see here), so I created a Library section on this site. I added to it all the books I’ve read since my book-a-week habit began, and I’ve committed to adding my latest read to the Library every Sunday (see the latest here).

That left the books I’d read before 2024 unshared and untracked. I set a goal to add my old reading to the Library over time. It began with a Memorial Day Challenge to add five books (see here) and continued with my challenging myself to add two books every weekend until my backlog is gone. This past weekend was my third weekend, and I added two more books:

That’s the latest update on my weekend goal. I hope that sharing these books will add value to others.

Connected Entrepreneurs
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Connected Books
Common Stocks and Uncommon Profits and Other Writings

June 2023

A framework book by Philip Fisher, a pioneer of investing in growth companies in the stock market. Fisher shares his principles for generating above-average returns by identifying high-quality companies with strong long-term growth potential and holding them over time. He explains his “Scuttlebutt” research method and outlines his 15-point checklist for evaluating companies. The book presents his approach in clear language that the average investor can understand.
Warren Buffett “sought out Phil Fisher” after reading this book. Buffett adopted many of Fisher’s principles when he shifted from buying fair companies at cheap prices to buying great companies at fair prices. This is a classic investment book filled with timeless principles. I liked Fisher’s “Scuttlebutt” research method, which encourages gathering firsthand insights to gain an edge beyond financial statements. Originally published in 1958, the book was republished in 1996 and 2003.
Capital Returns

July 2023

A framework-driven book by financial historian and journalist Edward Chancellor that explores the capital cycle—the movement of capital into and out of industries—and how investors can use it to generate above-average returns. Chancellor illustrates these concepts through real-world investment reports by Marathon Asset Management from 2002 to 2014.
Interesting take on the commodity supercycle. Helpful emphasis on analyzing supply over demand. Solid overview of cycles—pairs well with Howard Marks’ Mastering the Market Cycle. Chancellor also wrote The Price of Time and Devil Take the Hindmost. Read 2015 hardcover