A Quote by Philip Arthur Fisher

I 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.
Our focus is not on exit. In fact if you talk to any of my entrepreneurs, I'm generally saying, 'Don't sell the company,' when other investors want to sell. I'd much rather focus on building long-term value in building companies rather than worrying about exits.
I don't see how being married could be any worse than listening to you talk for twenty years, but that still ain't much of a recommendation for it.
Most work is not coming up with The Next Big Thing. Rather, it's improving the thing you already thought of six months - or six years - ago. It's the work of work.
Walk around any shopping mall, and you will see stores and restaurants opened six months ago and are - that are now closing. In the life of a company, eight years is an eternity.
I never read the life of any important person without discovering that he knew more and could do more than I could ever hope to know or do in half a dozen lifetimes.
I used to work as a private detective years and years ago. And my boss gave me this one very simple piece of advice about trying to figure out who to interview first in any investigation. His recommendation: Always pick the people who were fired. Pick the people who are pissed off.
We've continued progress in the six months since Trump got elected, and the good thing about what we're doing is that success begets success. As we bring down greenhouse gases, for example, we've closed half of the coal-fired power plants in the country in recent years. There's more impetus to try to close the other half because you can see that it is working. So, you know, I had hoped that Trump would not do that, and it doesn't make any sense to me, but regardless, it is not as cataclysmic as it could be.
The Rhodes scholarship process was very extensive. I had to do several personal statements, rewrite those over and over and over again. I had to get some letters of recommendation.
I'm very fickle when it comes to genre. I read YA, non-fiction, mysteries, romance. I'll read anything that comes with a strong recommendation.
My youngest brother had a wonderful schtick from some time in high school, through to graduating medicine. He had a card in his wallet that read, ‘If I am found with amnesia, please give me the following books to read …’ And it listed half a dozen books where he longed to recapture that first glorious sense of needing to find out ‘what happens next’ … the feeling that keeps you up half the night. The feeling that comes before the plot’s been learned.
I remember when I read Walter, for example, six years ago now, I said, "This is the role for me." I said that to my family. There was something there that I knew was absolutely right, and that was just based on the character. That's when gut instinct comes into play. I know there are certain things I won't do.
Years and years ago, I did a game based on 'Hitchhiker's Guide' with a company called Infocom, which was a great company. They were doing witty, intelligent, literate games based on text.
What we read with inclination makes a much stronger impression. If we read without inclination, half the mind is employed in fixing the attention; so there is but one half to be employed on what we read.
I was left £50 when I was ten by a fairly distant cousin, which my father invested in GEC shares on my behalf. I became interested in the market and was given some more shares by my father, which is when I began looking to see how the shares were performing and learning how to read company reports, balance sheets, and so on in order to gauge that.
When I cleaned up some 17 odd years ago, I felt terrible for about six months. The only thing that gave me any real relief was strenuous physical activity.
Somebody talked me into writing an autobiography about six or seven years ago. And I said I'd try. We talked into a tape recorder, and after a couple of months, I said, To hell with it. I was so depressed. It was like saying, 'This is the end.' I was more interested in what the hell was coming the next day or the next week.
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