PHILIP A. FISHER

The oscillation of the investor pendulum is very similar in nature to the up- and- down fluctuation of economic and market cycles.

• In theory with regard to polarities such as fear and greed, the pendulum 

should reside mostly at a midpoint between the extremes. But it doesn’t for lo...

An advantage of inverse ETFs is that they do not require the investor to hold a margin account as would be the case for investors looking to enter into short positions

®The investor with a portfolio of sound stocks should expect their prices to fluctuate and should neither be concerned by sizeble advances.

®Stock of a company with a lot of surplus cash and nothing ahead of the common is clearly a better purchase (at the same price) than an other one with ...