Philip Arthur Fisher (September 8, 1907 – March 11, 2004) was an American stock investor and author, best known as a pioneer of growth investing. His investment firm, Fisher & Co., founded in 1931, managed client funds for nearly seven decades. Fisher is renowned for his "scuttlebutt" method of research – gathering information about companies by talking to customers, suppliers,...
"Talk to customers, suppliers, competitors, and former employees to build a complete picture of the company. This scuttlebutt method reveals what financial statements cannot."
Investigate companies through industry contacts.
Read Full Analysis →"Before investing, understand the industry thoroughly. Know the competitive dynamics, growth drivers, and technological trends that will shape the future."
Understand industries deeply before investing.
Read Full Analysis →"Visiting management is essential. You can learn more about a company in an hour of conversation with its management than in months of studying financial statements."
Meet management to assess quality firsthand.
Read Full Analysis →Philip Fisher has 3 key principles on circle of competence. The most important one is "The Scuttlebutt Method" — Talk to customers, suppliers, competitors, and former employees to build a complete picture of the company.
Philip Fisher applies circle of competence through several key principles including "The Scuttlebutt Method" and "Deep Industry Knowledge". These principles guide practical investment decisions and have been tested across decades of market cycles.
Philip Fisher's approach to circle of competence is distinguished by a focus on long-term thinking and fundamental analysis. With 3 specific principles in this area, Philip Fisher provides a comprehensive framework that investors at any level can study and apply to improve their decision-making.
