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1.
Philip Fisher did not stress owning a diversified portfolio.
True. Rather, he believed in owning a few really good performers.
2.
Fisher's time horizon for holding a well-selected stock can best be described as what?
Very long-term. According to Fisher, the holding period for a well-selected stock is approximately forever.
3.
Which statement would Fisher most agree with?
"I don't want a lot of good investments; I want a few outstanding ones." Fisher believed in owning a concentrated portfolio of excellent companies.
4.
According to Philip Fisher, management quality _______.
Should cause you to avoid a stock if there are serious stewardship issues. According to Fisher "If there is a serious question of the lack of a strong management sense of trusteeship for shareholders, the investor should never seriously consider participating in such an enterprise."
5.
According to Philip Fisher, few products or services really need a good sales staff behind them.
False. Fisher advocated an above-average sales organization, because few products or services could sell themselves without one.
