Choose wisely. There is only one correct answer to each question.
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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.
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.
3.
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.
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.
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.
