This is the fourth and the final instalment of Philip Fisher’s “Four Dimensions of Investing” series. It’s recommended that you read the first three parts before reading this one.
The first three dimensions of conservative investment were essentially about the quality of the business itself. However, a great business becomes a great investment only when it’s acquired at a reasonable price. That means, without considering the price, the conservativeness of an investment process is still questionable. So, price is the fourth dimension of conservative investing.
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