Seek companies with innovative products or services from "summary" of Common Stocks and Uncommon Profits by Philip A. Fisher
When considering potential investments, it is crucial to focus on companies that are constantly striving to innovate and improve their products or services. These companies are more likely to stay ahead of the competition and capture market share in the long run. Innovation is a key driver of growth and profitability for companies. By continuously developing new and improved products or services, companies can attract customers and generate higher revenues. This can lead to increased market share and a stronger competitive position in the industry. Investors should look for companies that have a track record of innovation and a culture that encourages creativity and experimentation. These companies are more likely to adapt to changing market conditions and meet the evolving needs of customers. Furthermore, companies that invest in research and development are better positioned to stay ahead of the competition and maintain their competitive advantage. By developing new technologies or processes, these companies can create barriers to entry for competitors and protect their market position.- Investing in companies with innovative products or services can lead to higher returns for investors. These companies are more likely to experience growth in revenue and profitability, which can drive their stock prices higher over time. By identifying and investing in these companies, investors can benefit from their long-term success and outperformance in the market.
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