Friday, July 15, 2016

Paths to wealth - Phil Fisher

By taking advantage of normal stock market volatility—timing done rarely, but done
well—a single downturn can provide enough bounce to cover inflation for years. It is the closest he ever came to a justification for market timing.

What are you doing your competitors aren’t doing yet?

lengthy cycles when the level of all prices would tend to fall and the value of the dollar to rise correspondingly


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