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Stocks 504: Great Investors: Philip Fisher

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1.
According to Philip Fisher, management quality _______.
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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?
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Very long-term. According to Fisher, the holding period for a well-selected stock is approximately forever.
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.
According to Philip Fisher, you _______ delay buying a good investment if there is a chance it will go down a few cents more.
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Should not. Many an investor has lost a good opportunity looking to save a few cents per share like this. Fisher advised against it.
5.
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.