BC CULTURE
Saved by @ThomassRichards

My 12 favourite quotes from Phil Fisher, from his wonderful book 'Common Stocks and Uncommon Profits'

Aside from Buffett/Munger, Fisher is the investor that has had the most influence on me and I would recommend his book to anyone:

"More money has probably been lost...

 ...by investors holding a stock they really did not want until they could 'at least come out even' than from any other single reason... Especially so when you consider foregone reinvestment gains."
"If the growth rate is so good that in another 10 years the company might well have quadrupled, is it really of such great concern whether the stock might or might not be 35% overpriced? Maintain the position and don't worry about losing a small part of the gain."
"If a company has changed for good it deserves to trade at a P/E premium to its history and will probably continue to do so. For young companies in particular many investors will mistakenly view them as overvalued...
…Stocks that at first glance appear to the highest priced may, upon analysis, be the biggest bargains."
"There are enough spectacular opportunities among established companies that ordinary individual investors should make it a rule never to buy into a promotional enterprise, no matter how attractive it may appear to be."
"If a stock seems the right one and the price seems reasonably attractive, buy 'at the market'. Don't quibble over the odd few % or you may miss out on huge long term gains."
"Take care to own not the most but the best (businesses). A little bit of the great many is a poor substitute for a few of the outstanding."
"It is impossible to stand still. Only by getting better can a company be sure of not growing worse."
"You need the greatest possible number of vivid spirits in an organisation - exceptional entrepreneurs with the determination not just to leave things at their present state but to drive improvement."
"When management instil a belief among all employees that it is doing everything it can to create a good working environment and take care of its employees' interests, the rewards the company receives in greater productivity can vastly outweigh the costs of such a policy."
"Many companies have an irresistible urge to maximise profit in each accounting period. A true growth oriented company must never do this. It must focus on earning sufficient current profits to finance the costs of expanding the business.
"High quality management possess two things 1) They handle day-to-day business tasks with above-average efficiency 2) They are able to look ahead and make long-range plans that will produce significant future growth for the business without compromising existing operations."
"A strong ability to defend established moats against new competitors is essential for sound investment."

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This is the story of Planet Of The Apes!


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However Boulle had been a Free French secret agent during the war. He was captured in 1943 by Vichy forces in Vietnam and sentenced to hard labour. This experience of capture would shape his novel La Planète Des Singes.


Published in 1963 La Planète Des Singes recieved good reviews. An English translation - entitled Monkey Planet - was issued the following year. It was a story that seemed to strike a chord with readers.


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2. a) If a person dies quiet a valid will,
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3. 2 major things affect intestate succession and these are date of death and marital status. This is because the current law ONLY affects people who died after 1 Nov 1997 & there are different laws that affect married & single people at death. The type of marriage applies too.

4. If you are married in terms of general law or what was once called ‘-Chapter 37’ & now ‘Chapter 5:11 or are married under ‘Chapter 5:07’ which is a registered customary marriage (muchato wekamudzviti) the Deceased Estates Succession Act applies. It’s only for registered 💍

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