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Stocks 504: Great Investors: Philip Fisher

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1.
According to Philip Fisher, few products or services really need a good sales staff behind them.
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False. Fisher advocated an above-average sales organization, because few products or services could sell themselves without one.
2.
Which statement would Fisher most agree with?
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"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.
3.
According to Philip Fisher, investors should favor companies that have _______ outlook in regard to profits.
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A long-range. Fisher believed that investors should take a long-range view
4.
What sorts of companies did Fisher favor?
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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.
5.
Philip Fisher did not stress owning a diversified portfolio.
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True. Rather, he believed in owning a few really good performers.