Super Stocks: The Book That's Changing the Way Investors Think
The son of author Philip Fisher (Common Stocks & Uncommon Profits), rebel  Ken had to make his own way in the investment world.Super Stocksis the product of his unique  take on investing in the stock market. Eschewing a good deal of his father's no-numbers approach, Ken  popularized the use of the price/sales ratio (PSR) and price/research ratio (PRR) in this 1984 classic that  earned him a permanent spot as a columnist inForbes. Although Fisher hardly invented the  price/sales ratio, his emphasis of it is unmatched in investment history, save perhaps Ernie Kiehne,  formerly of Legg Mason's Value Fund.Fisher'sSuper Stocksis an idiosyncratic romp through the technology heyday of the early '80s.  Fisher tells story after story of how high-fliers hit a short-term flame-out he called the "glitch"  and the price/sales ratio and price/research ratio got him in at the bottom. Although he only gives  quantitative price/sales ratios on technology-related stocks for the 1983 and 1984 time frame, his ability to  construct an entire approach to valuation outside of the earnings-preoccupied mainstream still makes for  compelling reading. Fisher has not completely escaped his father, though. The guy talks about the  businesses he buys in lurid detail, advising investors that to be successful they need to do the same. As rich  in investment war stories as it is in knowledge,Super Stocksmakes for an excellent read.