March 2008
Beginner
224 pages
4h 47m
English
Content preview from Gene Marcial’s 7 Commandments of Stock Investing
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Chapter 7. Always Invest for the Long Term: Seven Stocks for the Next Seven Years
”If the job has been correctly done when a common stock is purchased, the time to sell it is—almost never.” | ||
| --Philip Fisher, author of Uncommon Stocks and Common Profits (1958) | ||
Philip Fisher, whose original thinking as an investment manager in the 1930s turned into classic principles that have attracted strong believers, including Warren Buffett, extols the virtues of long-term investing. He rejects the concept of short-term trading, arguing that “you can make a lot of money by investing in an outstanding enterprise and holding it for years as it becomes bigger and better.” Almost certainly, he adds, the market price of your share will rise to reflect its higher ...
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