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Fisher was the author of which classic investment book?

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Security Analysis

One Up on Wall Street

Common Stocks and Uncommon Profits

Common Stocks and Uncommon Profits. Fisher's investment classic, Common Stocks and Uncommon Profits, was first published in 1958.

According to Philip Fisher, few products or services really need a good sales staff behind them.

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True

False

False. Fisher advocated an above-average sales organization, because few products or services could sell themselves without one.

What sorts of companies did Fisher favor?

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Young growth companies

Companies with large dividends

Companies in mature industries

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.

Fisher's time horizon for holding a well-selected stock can best be described as what?

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Very long-term

Short-term

Three to five years

Very long-term. According to Fisher, the holding period for a well-selected stock is approximately forever.

Philip Fisher did not stress owning a diversified portfolio.

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True

False

True. Rather, he believed in owning a few really good performers.

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