buy and hold investing
Books
Common Stocks and Uncommon Profits Book Review: Philip Fisher’s Quality-First Investing Playbook That Still Wins
If Benjamin Graham taught investors to win through valuation discipline and downside protection, Philip Fisher taught them to win through business quality, competitive advantage, and patient conviction. Common Stocks and Uncommon Profits is a classic not because it offers a formula, but because it builds a mindset: find exceptional companies early, understand them deeply, and hold through noise long enough for compounding to matter. Fisher’s “scuttlebutt” method and his famous 15-point checklist still read like a modern strategy memo, and they remain highly useful for MBA candidates and long-term investors.
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Books
Winning the Loser’s Game Book Review: Charles D. Ellis’s Best Lesson on Discipline, Asset Allocation, and Avoiding Unforced Errors
Charles D. Ellis’s Winning the Loser’s Game is one of the most MBA-relevant investing books ever written because it argues that investing success is less about brilliance and more about discipline. Ellis compares modern investing to amateur tennis, where most points are lost through unforced errors rather than won through spectacular plays. In markets, those errors show up as overtrading, chasing performance, paying high fees, and reacting to headlines instead of sticking to a plan. The book’s solution is simple and powerful: build a policy portfolio, keep costs low, rebalance on schedule, and let long-term compounding do the heavy lifting.
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Books
The Little Book of Common Sense Investing Book Review: John Bogle’s Blueprint for Low-Cost Wealth Building
John C. Bogle’s The Little Book of Common Sense Investing delivers the clearest argument ever written for low-cost index investing. Instead of chasing market-beating strategies, Bogle reframes investing as a subtraction problem: your net return is the market’s return minus fees, taxes, trading costs, and behavioral mistakes. His advice is simple but powerful, own the whole market through a low-cost index fund, contribute consistently, ignore noise, and hold for the long term. For MBA readers, it’s a masterclass in incentives, compounding, and doing fewer things, better.
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