Investing Genius: Philip Fisher

By coinbro | coinbro | 17 Nov 2020



Source: azquotes.com

Everyone is familiar with the biographies of Buffett, Lynch, and Soros, but how many of you have heard of Philip Fisher? Only professional investors who study his heritage are interested in his biography.

Fisher was a secretive person: he rarely gave interviews, he did not tell anything about his family and childhood. However, he is one of the most outstanding investors in my opinion.

I decided not to write a boring biography and prepared a list of facts about this genius man:

1. Born in 1907 in San Francisco. There is little information about his childhood, and all of it is ambiguous.

2. In 1928 he dropped out of college and got a job as an analyst at the national bank Anglo London & Paris.

3. As an analyst, he worked for only a year, after which he was fired due to the collapse of the American stock market

4. In 1931 he founded his own firm Fisher & Co, where he attracted talented leaders and investors who were dissatisfied with the current state of affairs. In his work, he gave tactical preference to innovative technologies and companies involved in the implementation of new methodologies in continuous production.

5. Became widely known after he published his first book in 1958, which sold millions of copies around the world, with the title "Common Stocks and Uncommon Profits."

6. He has never been guided only by official reporting, preferring to use also the reviews of former clients, and circulating gossip.

7. His system is most fully reflected in a collection entitled "Fifty Qualities a Common Stock Must Have". In it, all the rules were divided into two main categories.

8. Buffett said of Fischer:
“From him, I learned the value of the 'auditory' approach: going and talking with competitors, suppliers, customers to find out how a particular industry or company really works. Instead of analyzing balance sheets, Fisher, who lives in San Francisco, prefers to study people and organizations - this is his innovative contribution to the analysis of securities. "

9. Has been investing for 74 years, ending his investing career at the age of 91.

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