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1.
According to Philip Fisher, investors should favor companies that have _______ outlook in regard to profits.
A long-range. Fisher believed that investors should take a long-range view
2.
Philip Fisher did not stress owning a diversified portfolio.
True. Rather, he believed in owning a few really good performers.
3.
What sorts of companies did Fisher favor?
Young growth companies. Fisher firmly believed that an investor's best shot at truly outstanding gains was to find a young, well-managed company with compelling growth prospects.
4.
According to Philip Fisher, you _______ delay buying a good investment if there is a chance it will go down a few cents more.
Should not. Many an investor has lost a good opportunity looking to save a few cents per share like this. Fisher advised against it.
5.
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."