Philip Fisher
Philip Fisher📌 Long-Term Investing

Philip Fisher's Long-Term Investing Rules

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,...

3 principles·Long-Term Investing

3 Key Long-Term Investing Principles

#1

Hold Outstanding Companies

"If the job has been correctly done when a common stock is purchased, the time to sell it is almost never. Truly outstanding companies grow for decades."

Almost never sell an outstanding company.

🌿 Intermediate★★★★★
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#2

Hold Forever

"If the job has been correctly done when a common stock is purchased, the time to sell it is almost never."

Quality companies should be held indefinitely unless fundamentals deteriorate.

🌿 Intermediate★★★★★
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#3

Long-term Growth Potential

"Does the company have products or services with sufficient market potential to make possible a sizable increase in sales for at least several years?"

Growth potential must be substantial enough to multiply value.

🌿 Intermediate★★★★★
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Frequently Asked Questions

What are Philip Fisher's key long-term investing principles?

Philip Fisher has 3 key principles on long-term investing. The most important one is "Hold Outstanding Companies" — If the job has been correctly done when a common stock is purchased, the time to sell it is almost never.

How does Philip Fisher apply long-term investing in practice?

Philip Fisher applies long-term investing through several key principles including "Hold Outstanding Companies" and "Hold Forever". These principles guide practical investment decisions and have been tested across decades of market cycles.

What makes Philip Fisher's approach to long-term investing unique?

Philip Fisher's approach to long-term investing 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.

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