Test your knowledge

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

Keep studying!

Review your answers below to learn more.

According to Philip Fisher, you _______ delay buying a good investment if there is a chance it will go down a few cents more.

Choose wisely. There is only one correct answer.

Should

Should not

Should not. Many an investor has lost a good opportunity looking to save a few cents per share like this. Fisher advised against it.

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

Choose wisely. There is only one correct answer.

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.

Choose wisely. There is only one correct answer.

True

False

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

What sorts of companies did Fisher favor?

Choose wisely. There is only one correct answer.

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.

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

Choose wisely. There is only one correct answer.

True

False

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

© Copyright 2024 Morningstar, Inc. All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. In addition, we encourage you to read this important disclosure.