Philip Arthur Fisher was a very successful stock investor best known as the author of Common Stocks and Uncommon Profits, a guide to investing that has remained in print ever since it was first published in 1958.
His money management company, Fisher & Co., was founded in 1931.Philip Fisher is considered a pioneer in the field of growth investing. Morningstar has called him "one of the great investors of all time".
In Common Stocks and Uncommon Profits, Fisher said that the best time to sell a stock was "almost never".
Best Quote By Fisher: I do not want a lot of good investments, I want a few outstanding ones. If a job has been correctly done when the common stock has been purchased, the time to sell it is almost never.
Fisher hated to sell good companies. He argued that if a stock becomes over priced investors should sit down with it rather then sell the stock with a view to buy it back at a lower price. He discouraged selling in anticipation of a market fall.
His most famous investment was his purchase of Motorola, a company he bought in 1955 when it was a radio manufacturer and held until his death in March, 2004 at the age of 96.
Perhaps the most well-known of Fisher's followers is Warren Buffett.
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