50+ Philip Arthur Fisher Quotes On Education, Creative And Insightful

Philip Arthur Fisher is an American author who wrote the classic investment guide, "Common Stocks and Uncommon Profits". He is known for his long-term approach to investing, emphasizing the importance of researching a company's fundamentals and prospects for future growth. His book has become a classic in the investment world, and is still widely read by investors today. Following is our collection on famous quotes by Philip Arthur Fisher on life, leadership, education.

Top 10 Philip Arthur Fisher Quotes

1. More money has probably been lost by investors holding a stock they really did not want until they could ‘at least come out even’ than from any other single reason.
2. A large company’s need to bring in a new chief executive from the outside is a damning sign of something basically wrong with the existing management.
3. Never promote someone who hasn’t made some bad mistakes, because if you do, you are promoting someone who has never done anything.
4. In the stock market a good nervous system is even more important than a good head.
5. If the job has been correctly done when a common stock is purchased, the time to sell it is – almost never.
6. Usually a very long list of securities is not a sign of the brilliant investor, but of one who is unsure of himself.
7. Buying a company without having sufficient knowledge of it may be even more dangerous than having inadequate diversification.
8. There are fads and styles in the stock market just as there are in women’s clothes.
9. Companies that have failed to go uphill have invariably gone downhill.
10. He should take extreme care to own not the most, but the best.

Philip Arthur Fisher Short Quotes

• Forecasting is like trying to turn lead into gold.
• I have already made up my mind, don’t confuse me with facts.
• Constant leadership in engineering, not patents is the fundamental source of protection.
• If you can’t do a thing better than others are doing it, don’t do it at all.
• The more successful the corporation, the more likely it is to be unique in some of its policies.
• The need for patience if big profits are to be made from investment.
• Long term investors best stay away from low profit-margin or marginal companies.
• None of us likes to admit to himself that he has been wrong.
• Nothing is worth doing unless it is worth doing right.
• An investor should always realize that some mistakes are going to be made…

Philip Arthur Fisher Famous Quotes And Sayings

The disadvantage of having eggs in so many baskets that a lot of eggs do not end up in really attractive baskets, and it is impossible to keep watching all the baskets after the eggs are put in. — Philip Arthur Fisher

[Once] a stock has been properly selected and has borne the test of time, it is only occasionally that there is any reason for selling it at all. — Philip Arthur Fisher

The company that doesn’t pioneer, doesn’t take chances, and merely goes along with the crowd is liable to prove a rather mediocre investment in this highly competitive age. — Philip Arthur Fisher

For the great majority of transactions, being stubborn about a tiny fractional difference in the price can prove extremely costly. — Philip Arthur Fisher

The wise investor can profit if he can think independently of the crowd and reach the rich answer when the majority of financial opinion is leaning the other way. — Philip Arthur Fisher

When profit margins of a whole industry rise because of repeated price increases, the indication is not a good one for the long-range investor. — Philip Arthur Fisher

This matter of training oneself not to go with the crowd but to be able to zig when the crowd zags, in my opinion, is one of the most important fundamentals of investment success. — Philip Arthur Fisher

When do stockholders get no benefit from retained earnings? One way is when managements pile up cash and liquid assets far beyond any present or prospective needs for the business. — Philip Arthur Fisher

Finding out which physician had lost the smallest percentage of his practice through death would not be a good way to pick a superb doctor. — Philip Arthur Fisher

In the field of common stocks, a little bit of a great many can never be more than a poor substitute for a few of the outstanding. — Philip Arthur Fisher

It is not the profit margins of the past but those of the future that are basically important to the investor. — Philip Arthur Fisher

Paying a fancy price for something… because of too favorable interpretation of basic facts, is the investment fad of the moment. — Philip Arthur Fisher

What is most important is that stocks are not bought in companies where the dividend pay-out is so emphasized that it restricts realizable growth. — Philip Arthur Fisher

There is a complicating factor that makes the handling of investment mistakes more difficult. This is the ego in each of us. — Philip Arthur Fisher

The stock market is filled with individuals who know the price of everything, but the value of nothing. — Philip Arthur Fisher

[The] greatest investment reward comes to those who by good luck or good sense find the occasional company that over the years can grow in sales and profits far more than industry as a whole. — Philip Arthur Fisher

I believe that the economics which deal with forecasting business trends may be considered to be about as far along as was the science of chemistry during the days of alchemy in the Middle Ages. — Philip Arthur Fisher

Conservative investors sleep well. — Philip Arthur Fisher

History has shown that in every age and in every field of human knowledge, many of the views which almost everyone accepted as true and never bothered to think about further, were in time proven completely wrong. — Philip Arthur Fisher

Of one thing the investor can be certain: A large company's need to bring in a new chief executive from the outside is a damning sign of something basically wrong with the existing management - no matter how good the surface signs may have been as indicated by the most recent earnings statement. — Philip Arthur Fisher

Don’t be afraid of buying on a war scare. — Philip Arthur Fisher

Don’t follow the crowd and don’t overstress diversification. — Philip Arthur Fisher

Even in those earlier times, finding the really outstanding companies and staying with them through all the fluctuations of a gyrating market proved far more profitable to far more people than did the more colorful practice of trying to buy them cheap and sell them dear. — Philip Arthur Fisher

I had made what I believe was one of the more valuable decisions of my business life. This was to confine all efforts solely to making major gains in the long-run. — Philip Arthur Fisher

The successful investor is usually an individual who is inherently interested in business problems. — Philip Arthur Fisher

Practical investors usually learn their problem is finding enough outstanding investments, rather than choosing among too many. — Philip Arthur Fisher

My mistake was to project my skill beyond the limits of experience. I began investing outside the industries which I believe I thoroughly understood, in completely different spheres of activity; situations where I did not have comparable background knowledge. — Philip Arthur Fisher

I remember my sense of shock some half-dozen years ago when I read a recommendation to sell shares of a company ... The recommendation was not based on any long-term fundamentals. Rather, it was that over the next six months the funds could be employed more profitably elsewhere. — Philip Arthur Fisher

If the growth rate is so good that in another ten years the company might well have quadrupled, is it really of such great concern whether at the moment the stock might or might not be 35% overpriced? — Philip Arthur Fisher

Be extra careful when buying into companies and industries that are the current darlings of the financial community. — Philip Arthur Fisher

Life Lessons by Philip Arthur Fisher

1. Philip Arthur Fisher's work emphasizes the importance of doing thorough research and understanding the fundamentals of investing before committing to any investments.
2. He also emphasizes the importance of maintaining a disciplined approach to investing and avoiding emotional decisions.
3. Lastly, Fisher stresses the importance of diversifying your portfolio to protect against market volatility and reduce risk.