Focus on understanding the business rather than shortterm price fluctuations from "summary" of Common Stocks and Uncommon Profits by Philip A. Fisher
Fisher emphasizes the importance of focusing on understanding the business itself rather than being swayed by short-term price fluctuations. He believes that true investors should be interested in the long-term success of the business they are investing in, rather than trying to make quick profits based on market movements. By taking the time to thoroughly understand the business, its products, its management team, and its competitive advantages, investors can make more informed decisions about whether to invest in a particular company. Fisher suggests that investors should approach investing with a mindset that is similar to that of a business owner. By viewing themselves as partial owners of the companies they in...
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