That is the fourth and the ultimate instalment of Philip Fisher’s “4 Dimensions of Investing” sequence. It’s really helpful that you simply learn the primary three elements earlier than studying this one.
The primary three dimensions of conservative funding had been primarily in regards to the high quality of the enterprise itself. Nonetheless, an ideal enterprise turns into an ideal funding solely when it’s acquired at an inexpensive worth. Meaning, with out contemplating the worth, the conservativeness of an funding course of continues to be questionable. So, worth is the fourth dimension of conservative investing.
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