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Quote by 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.”

Quote by Philip Arthur Fisher

Author

Philip Arthur Fisher
Philip Arthur Fisher

Philip Arthur Fisher (1907-2004) was a pioneering American investor and author, widely regarded as the father of growth stock investing. His 1958 book "Common Stocks and Uncommon Profits" became an investment classic, influencing generations of investors including Peter Lynch. Fisher co-founded Fisher Investments and developed the 15-point screening method for selecting growth stocks, emphasizing long-term holding of quality companies with strong management and innovation potential. more

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“One, which I mention several times elsewhere, is the need for patience if big profits are to be made from investment. Put another way, it is often easier to tell what will happen to the price of a stock than how much time will elapse before it happens. The other is the inherently deceptive nature of the stock market. Doing what everybody else is doing at the moment, and therefore what you have an almost irresistible urge to do, is often the wrong thing to do at all.”