Friday, October 1, 2010

Oracle-Philip Fisher

Philip Arthur Fisher
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Phil Fisher

Born September 8, 1907(1907-09-08)
Died March 11, 2004 (aged 96)
Nationality American
Occupation Stock investor
Known for
Common Stocks and
Uncommon Profits (1958)

Philip Arthur Fisher (September 8, 1907 – March 11, 2004) was an American stock investor best known as the author of Common Stocks and Uncommon Profits, a guide to investing that has remained in print ever since it was first published in 1958. His money management company, Fisher & Co., was founded in 1931.[1]

Philip Fisher is considered a pioneer in the field of growth investing.[2] Morningstar has called him "one of the great investors of all time".[1] In Common Stocks and Uncommon Profits, Fisher said that the best time to sell a stock was "almost never". His most famous investment was his purchase of Motorola, a company he bought in 1955 when it was a radio manufacturer and held until his death. [3]

His son Kenneth L. Fisher also founded an investment firm. Perhaps the best-known of Fisher's followers is Warren Buffett who has said on some occasions that "he is 85% Graham and 15% Fisher".

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