Be extra careful when buying into companies and industries that are the current darlings of the financial community.
Philip Arthur FisherIf the growth rate is so good that in another ten years the company might well have quadrupled, is it really of such great concern whether at the moment the stock might or might not be 35% overpriced?
Philip Arthur FisherHistory has shown that in every age and in every field of human knowledge, many of the views which almost everyone accepted as true and never bothered to think about further, were in time proven completely wrong.
Philip Arthur FisherThe stock market is filled with individuals who know the price of everything, but the value of nothing.
Philip Arthur FisherI remember my sense of shock some half-dozen years ago when I read a recommendation to sell shares of a company ... The recommendation was not based on any long-term fundamentals. Rather, it was that over the next six months the funds could be employed more profitably elsewhere.
Philip Arthur Fisher