Philip Arthur Fisher Quotes
- Investment analyst and author
- USA
- 1907
Philip Arthur Fisher was an American stock investor and author, known for his pioneering work in the field of growth investing. He was born in 1907 and began his career as a securities analyst in the 1930s. Fisher is best known for his book “Common Stocks and Uncommon Profits,” which was…Read More
Philip Arthur Fisher was an American stock investor and author, known for his pioneering work in the field of growth investing. He was born in 1907 and began his career as a securities analyst in the 1930s. Fisher is best known for his book “Common Stocks and Uncommon Profits,” which was first published in 1958 and has since become a classic in the world of investing. In this book, Fisher outlined his investment philosophy and emphasized the importance of long-term investing in high-quality, growth-oriented companies. He also popularized the concept of “scuttlebutt,” which involves gathering information about a company from various sources to make informed investment decisions. Fisher’s other notable works include “Paths to Wealth Through Common Stocks” and “Conservative Investors Sleep Well.” He passed away in 2004, but his investment principles continue to be highly influential and widely followed by investors around the world.Read Less
Philip Arthur Fisher was an American stock investor and author, known for his pioneering work in the field of growth investing. He was born in 1907 and began his career as a securities analyst in the 1930s. Fisher is best known for his book “Common Stocks and Uncommon Profits,” which was first published in 1958 and has since become a classic in the world of investing. In this book, Fisher outlined his investment philosophy and emphasized the importance of long-term investing in high-quality, growth-oriented companies. He also popularized the concept of “scuttlebutt,” which involves gathering information about a company from various sources to make informed investment decisions. Fisher’s other notable works include “Paths to Wealth Through Common Stocks” and “Conservative Investors Sleep Well.” He passed away in 2004, but his investment principles continue to be highly influential and widely followed by investors around the world.
Philip Arthur Fisher Career Highlights
- Early Career: Fisher started his career in 1928 as a securities analyst at the Anglo-London Bank in San Francisco. He then worked at the Anglo-California National Bank and the National City Bank of New York before starting his own investment firm, Fisher & Company, in 1931.
- Pioneer of Growth Investing: Fisher is best known for his pioneering work in growth investing, a strategy that focuses on investing in companies with strong growth potential. He believed in investing in companies with innovative products, strong management, and a long-term growth outlook.
- Author: Fisher wrote several books on investment, including “Common Stocks and Uncommon Profits” (1958) and “Conservative Investors Sleep Well” (1975). His books became bestsellers and are still considered must-reads for investors.
- Investment Philosophy: Fisher’s investment philosophy was based on thorough research and a long-term approach. He believed in investing in companies with a competitive advantage, strong financials, and a solid management team.
- Successful Investments: Fisher’s investment strategy proved to be highly successful, and he made several notable investments throughout his career. Some of his most successful investments include Motorola, Texas Instruments, and Dow Chemical.
Key Contributions by Philip Arthur Fisher
- Scuttlebutt Method: Fisher is credited with developing the “scuttlebutt method,” which involves gathering information about a company from various sources, including competitors, suppliers, and customers. This method helped him gain a deeper understanding of a company’s operations and potential for growth.
- Long-Term Approach: Fisher’s emphasis on long-term investing and his ability to identify companies with strong growth potential set him apart from other investors of his time. He believed in holding onto investments for the long haul, rather than constantly buying and selling stocks.
- Mentor to Warren Buffett: Fisher’s investment philosophy and approach greatly influenced legendary investor Warren Buffett. Buffett has often credited Fisher as one of his mentors and has incorporated many of Fisher’s principles into his own investment strategy.
What Sets Philip Arthur Fisher Apart
- Thorough Research: Fisher was known for his meticulous research and analysis before making any investment decisions. He would spend hours studying a company’s financials, management team, and industry trends before investing.
- Focus on Growth: Fisher’s focus on investing in companies with strong growth potential was a unique approach at the time. He was able to identify companies with innovative products and services that had the potential to disrupt their industries.
- Long-Term Perspective: Fisher’s long-term perspective and ability to see beyond short-term market fluctuations set him apart from other investors. He believed in investing in companies with a long-term growth outlook, rather than chasing short-term gains.
Takeaways
- Thorough research and analysis are crucial for successful investing.
- A long-term approach can lead to significant returns on investments.
- Identifying companies with strong growth potential is key to successful investing.
- Fisher’s investment philosophy and principles continue to be relevant and influential in the world of investing.