Friday, 24 November 2017

Seeking Wisdom from Philip Fisher

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Below are the 8 popular quotes by Philip Fisher I like most.
1. The market is filled with individuals who knew the price of everything, but the value of nothing.
2.  I don't want a lot of good investments, I want a few outstanding ones.
3. If the job has been correctly done when a common stock is purchased, the time to sell it is - almost never. 
4. Doing what anyone else is doing at the moment, and therefore what you have an almost irresistible urge to do, is often the wrong thing to do at all.
5.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 into others which they know nothing about.
6. Be extra careful when buying into companies and industries that are the current darlings of financial community.
7. My mistake was to project my skill beyond the limits of experience. I began investing outside of the industries which I believe I thoroughly understood, in completely different spheres of activity, situations where I did not have comparable background knowledge.
8. One, which I mention several times elsewhere, is the need for patience if big profits are to be made from investment. Put another way, it is often easier to tell what will happen to the price of a stock than how much time will elapse before it happens.  

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