Philip Fisher was an American stockbroker and investment advisor who is widely recognized as one of the pioneers of growth investing. He was born in 1907 and began his career as a stockbroker in the 1930s. Over the course of his career, he built a reputation as a skilled and successful investor, and his investment strategies and philosophies had a significant influence on the investment industry.
Fisher's investment philosophy is based on the idea that investors should focus on the long-term potential of a company, rather than its short-term financial performance. He believed that the key to successful investing was to identify companies with strong growth potential and to invest in them for the long term.
One of his key contributions to the field of investing is his emphasis on the importance of thorough research and due diligence when making investment decisions. He emphasized the importance of studying a company's management, products, and competitors in order to identify companies with strong growth potential. He also stressed the importance of having a long-term investment horizon and avoiding the temptation to try to time the market.
Fisher's investment approach is based on growth investing principles, which focus on identifying companies with strong growth prospects and investing in them for the long-term. His approach is different from value investing, which focuses on identifying undervalued companies and buying them at a discount to their intrinsic value.
He is also known for his book "Common Stocks and Uncommon Profits" which has become a classic in the field of investing and provides valuable insight into his investment philosophy and strategies.
Philip Fisher passed away in 2004, but his investment philosophy and strategies continue to be widely studied and admired by investors and investment professionals.
Warren Buffet and Charlie Munger compare Benjamin Graham and Phil Fisher