PHILIP A. FISHER

Not every use of a definition is necessarily fallacious. If the definition is properly justified and is selected in a properly justified way, it is generally not fallacious. However, it is fallacious when at least one of the following conditions are true:

• There is no valid reason fo...

FAST GROWERS:

• Investigate whether the product that’s supposed to enrich the company is a major part of the company’s business.

• What the growth rate in earnings has been in recent years. (My favorites are the ones in the 20 to 25 percent range

• That ...

In the equity market, investors bid for stocks by offering a certain price, and sellers ask for a specific price. When these two prices match, a sale occurs. Often, there are many investors bidding on the same stock. When this occurs, the first investor to place the bid is the first to get the st...