Plastic wrap crackers look tempting, drooling. 10
Especially after long five, timing. 10
Hours of toiling only to be old. 9
Only go faster by other mold. 9
That can not do so themselves, ride. 8
But Rex refuses, shakes head, side. 8
The goblin toils away. 6
He digs at where dirt lay. 6
A bird rings and he wads out. 7
To where friend Scallion is ‘bout. 7
Who is sitting with his lunch pail. 8
Ready to be opened, smells stale. 8
It contains various amounts, yum. 9
Snack, asks Scallion, as he takes a tum. 9
Phil Fish states a slightly obvious need of balance in a companies research department. They can't overly commit their funds into research that can't produce a profitable product. But they also can't be overly controlling in their want for new products.
Phil Fisher says a conservative investment is one that maintains purchasing power with low risk. Conservative investing is to proceed by seeing if the said investment has been low risk and producing as well as can it continue to do so.
Philip A. Fisher uses the DJIA as an example that popular lists like this may in fact hide the performance of big companies instead of doing what it was meant to do, give a simple insight into which companies are doing well.
Philip A. Fisher points out that 'due diligence' is an annoying and tedious task. However, in what other realm can you put down $10,000 and see returns of 4 times or more after 10 years? The work sucks, but the rewards of finding the one golden growth stock is bountiful.
Philip Fisher invested in half of all the companies he visited. But he only visited 1 in every 50 companies he looked in on and did his due diligence. He would hear about a company randomly and if the company checked enough of his boxes, he would try to visit them.
P.A. Fisher suggests we find out about 50% of what we need in order to make a large investment before speaking with anyone. People within a company will only give information based on the competency of who is asking.
Philip A. Fisher suggest knowing a bit of the strengths and weaknesses of a company before trying to speak with the highest PR person you can get a face to face with before making a large investment.