CHAPTER 2

Philip Fisher

Philip Fisher is the leading light of growth investors. There is a common misconception that growth investors overlook whether the share is selling at a value price. While some growth investors are careless in this regard, Fisher was always insistent that the growth share was selling at a value price. Even high growth potential companies can be overlooked or fall out of favour and sell for less than their underlying worth from time to time. These companies are rare because the vast majority of companies with fast earnings growth are well recognised and selling at high prices – but they are well worth seeking out.

What you can learn from Fisher is that you can out-perform the market, but only by having a laser-like ...

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