SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: john harris who wrote (2628)12/4/1997 9:49:00 AM
From: Paul Senior   of 78656
 
John Harris: thought some more about Phil Fisher's books. I have read them all. I guess I'll have to review them again. I say now his books are not useful for the beginner here on SI. Because:
1. He recommends very thorough research including knowledge of management.
2. He recommends or advocates holding the chosen stock "forever".
3. This means the investor can only understand and own a few companies.
4. His record is not public. He's had some excellent results of course with TI and MOT, but I'm not so sure of his FMC.

Yes, this method works for Fisher and maybe for others and maybe the body of knowledge of investing is based on some of his work, but for somebody starting out... these methods are not really how the average investor wants to invest or, given that there are other methodologies, needs to invest. JMO, Paul Senior
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext