“Investors have been so oversold on diversification that fear of having too many eggs in one basket has caused them to put far too little into companies they thoroughly know and far too much in others which they know nothing about.”
“Regardless of how high the rating may be in all other matters, however, if there is a serious question of the lack of a strong management sense of trusteeship for stockholders, the investor should never seriously consider participating in such an enterprise.”
31 Wise Philip Fisher Quotes (Author of Common Stocks and Uncommon Profits)
“Even in those earlier times, finding the really outstanding companies and staying with them through all the fluctuations of a gyrating market proved far more profitable to far more people than did the more colorful practice of trying to buy them cheap and sell them dear.”
“In what other line of activity could you put $10,000 in one year and ten years later (with only occasional checking in the meantime to be sure management continues of high caliber) be able to have an asset worth from $40,000 to $150,000?”
“The conventional method of timing when to buy stocks is, I believe, just as silly as it appears on the surface to be sensible. This method marshal a vast mass of economic data. From these data conclusions are reached as to the near- and medium-term course of general business.”
“Postponing an attractive purchase because of fear of what the general market might do will, over the years, prove very costly. This is because the investor is ignoring a powerful influence about which he has positive knowledge through fear of a less powerful force about which, in the present state of human knowledge, he and everyone else is largely guessing.”
“The ability to see through some majority opinions to find what facts are really there is a trait that can bring rich rewards in the field of common stocks. It is not easy to develop, however, for the composite opinion of those with whom we associate is a powerful influence upon the minds of all of us.”
Top 6 Short Philip Fisher Quotes to Inspire You
Philip Fisher Short Biography
Born on 8 September 1907 in San Francisco, California, Philip Fisher was a phenomenal American investor and the last professional who went through the 1929 Great Depression to emerge stronger.
He is one of the pioneers of formative thinkers in the growth stock school of investing who had a profound influence on today’s big-time investors such as Warren Buffett and Peter Lynch.
Fisher had a magnificent 74 years career. Of which, 69 years were spent as the head of his own company, Fisher & Co. (launched in 1931) before retiring at the age of 91. In 7 decades, he had made many of his clients extremely rich and wealthy.
His son, Kenneth Fisher is also a remarkable investor who has a net worth of $4.3B (as of January 2020). Kenneth Fisher has done an incredible job succeeding his father and having founded his own firm in 1979.
Today, many investors dubbed Philip Fisher a legendary.
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