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.
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.
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.
5.
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.
