Choose wisely. There is only one correct answer to each question.
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1.
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."
2.
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.
3.
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.
4.
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.
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.
