Posts Tagged ‘phillip fisher’
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In this quote, Phillip Fisher is criticizing many participants in the stock market who are overly focused on short-term price fluctuations rather than long-term company fundamentals and intrinsic value. He suggests that while people may diligently track and know the precise price of various stocks, they have little understanding of the true underlying worth or “value” of the businesses and assets that those stock prices represent.
Fisher’s message conveys that the market often fixates too much on immediate price action instead of deep research and analysis to discern a company’s long-run potential and value proposition. This can lead the market to misprice stocks and be overly swayed by temporary trends instead of basing judgments on solid valuation.