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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.
Fisher was the author of which classic investment book?
Common Stocks and Uncommon Profits. Fisher's investment classic, Common Stocks and Uncommon Profits, was first published in 1958.
3.
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."
4.
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.
5.
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.
