Philip Fisher
Philip Fisher📌 Selling & Review

Philip Fisher's Selling & Review 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,...

4 principles·Selling & Review

4 Key Selling & Review Principles

#1

Three Reasons to Sell

"There are only three valid reasons to sell: you made a mistake in your analysis, the company no longer meets your criteria, or you found a much better opportunity."

Sell only for three specific reasons.

🌿 Intermediate★★★★★
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#2

Don't Sell on Price Alone

"A stock that seems too high in price can still be a good hold if the company's growth prospects remain outstanding. Never sell just because the price has gone up."

Don't sell great companies just because the price rose.

🌿 Intermediate★★★★☆
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#3

Review Your Original Thesis

"Periodically review whether your original reasons for buying still hold. If they do, hold; if they don't, sell. The thesis, not the price, should drive the decision."

The original investment thesis should guide sell decisions.

🌿 Intermediate★★★★☆
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#4

Three Reasons to Sell

"Sell only when: 1) You made a mistake in original analysis, 2) The company no longer meets the fifteen points, or 3) A clearly better opportunity exists."

Sell only when original thesis breaks or better opportunities emerge.

🌿 Intermediate★★★★★
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Frequently Asked Questions

What are Philip Fisher's key selling & review principles?

Philip Fisher has 4 key principles on selling & review. The most important one is "Three Reasons to Sell" — There are only three valid reasons to sell: you made a mistake in your analysis, the company no longer meets your criteria, or you found a much better...

How does Philip Fisher apply selling & review in practice?

Philip Fisher applies selling & review through several key principles including "Three Reasons to Sell" and "Don't Sell on Price Alone". These principles guide practical investment decisions and have been tested across decades of market cycles.

What makes Philip Fisher's approach to selling & review unique?

Philip Fisher's approach to selling & review is distinguished by a focus on long-term thinking and fundamental analysis. With 4 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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