Excellent document dedicated to Phil Fisher, on his background, formative influences, investing Philosophy and more. 👏
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ii-uploads.s3.amazonaws.com/share_advisor/…
Interpretation of his 15 points.⬇️
When things are going great in Markets and everyone's happy, I usually like to read more of Ben Graham, Seth Klarman and Howard Marks, to focus more on intrinsic value, downside risk and market psychology & cycles etc.
When things are averse to individual stocks and growth Cos (like now), I like to read more Buffett, Phil Fisher and Peter Lynch, to focus more on long-term optimism, potential of good growth Cos and the upside possibilities when you stick to good Cos in what you know.
You need a mix of both optimism and caution (applied at the right times) to survive the short term and thrive in the long term in Markets.
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