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1.
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.
2.
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."
3.
Philip Fisher did not stress owning a diversified portfolio.
True. Rather, he believed in owning a few really good performers.
4.
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.
5.
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.
