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,...
"The true measure of a stock's value is not its price-to-earnings ratio today, but its earnings growth potential over the next five to ten years."
Value a stock by its future earnings growth potential.
Read Full Analysis →"If a stock is truly outstanding, don't quibble over eighths and quarters. The difference between a good and bad investment isn't a few cents on the purchase price."
Don't miss great stocks over minor price differences.
Read Full Analysis →"Use a systematic checklist of fifteen points covering sales growth, profit margins, research and development, sales organization, and management quality."
Use a systematic checklist for stock evaluation.
Read Full Analysis →Philip Fisher has 3 key principles on value assessment. The most important one is "Growth at Reasonable Price" — The true measure of a stock's value is not its price-to-earnings ratio today, but its earnings growth potential over the next five to ten years.
Philip Fisher applies value assessment through several key principles including "Growth at Reasonable Price" and "Don't Quibble Over Eighths". These principles guide practical investment decisions and have been tested across decades of market cycles.
Philip Fisher's approach to value assessment 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.
