Philip Arthur Fisher American stock investor Date of Birth: 08.08.1907 Country: USA

1. Biography of Philip Arthur Fisher
2. Education and Early Career
3. Fisher & Co.
4. Investment Philosophy and Approach
5. Influence and Legacy
6. Notable Investment

Biography of Philip Arthur Fisher

Philip Arthur Fisher is an American stock investor, best known as the author of the book "Common Stocks and Uncommon Profits," which is a guide to investing. The book was first published in 1958 and continues to be successful to this day. Fisher is considered one of the pioneers of the idea of "growth investing."

Education and Early Career

Fisher received his education at Stanford University and the Graduate School of Business. After graduating, he became an analyst at the Anglo London & Paris National Bank in San Francisco.

Fisher & Co.

In 1931, Fisher founded his own money management company, Fisher & Co. The company aimed to provide professional investment advice to clients.

Investment Philosophy and Approach

Fisher is recognized as one of the greatest investors of all time by Morningstar Inc., an independent investment corporation. In his legendary guide, "Common Stocks and Uncommon Profits," Fisher famously stated that the best time to sell stocks is "practically never."

Fisher's approach to investing focused on thoroughly studying the operations of companies and the people working in them. He believed that the leadership and innovation within a company were crucial factors in determining its potential. Fisher openly criticized management approaches that prioritized mass layoffs for cost-cutting purposes.

Influence and Legacy

Philip Fisher's son, Kenneth L. Fisher, also works in the investment industry. Warren Buffett, a billionaire investor, has credited Fisher as one of his main teachers, along with Benjamin Graham. Buffett has referred to Fisher as a "giant in investment" and has adopted some of his principles, including the "scuttlebutt approach" of personally researching companies and their employees.

Fisher's emphasis on management and his holistic approach to investing are considered some of his most significant contributions to the investment business.

Notable Investment

One of Fisher's most famous investments was in Motorola. He bought the company's stocks in 1955 when it was primarily involved in radio equipment manufacturing and never sold them.