Kenneth Fisher

“In the early days, I promoted the idea of spending time in libraries to gain facts that other investors didn't have. Not many people did that kind of research, so it worked.”

“My father, Philip Fisher, was the toughest guy I ever knew. An example: He had terrible teeth, yet he got his fillings done without ever using a painkiller. Now, that's tough!”

“When the economies of emerging markets don't just grow but beat expectations, there's scarcely a mention.”

“Generally, variations in earnings aren't nearly as impactful on glamour growth stocks as are changes in image and, well, sexiness. I often think of glamour stocks as though they are attractive women dressing to the nines.”

“Originally, I thought Republican. Now I'm an equal opportunity politician-hater.”

“Buy into good, well-researched companies and then wait. Let's call it a sit-on-your-hands investment strategy.”

“I've long loved emerging markets airlines because they usually sell at bargain prices. The troubled history of developed market airlines unfairly taints these stocks. In the emerging world, they're growth stocks.”

“The upward move at the beginning of a bull market is almost always huge compared with the vacillations late in the bear market. If you try to pick a bottom, you will miss a good part of the action.”

“Buying only what you know can end in disaster. Just think about Enron's employees and business partners, the 'locals' who bought lots of its stock because they thought they were in the know.”

“China frequently confounds stock market prognosticators because it has a penchant for straying markedly from other broad global indexes year-by-year over the decades - even from emerging markets. It's hit or miss.”

“The stock market is a discounter of all known information.”

“Windmills and solar cells are carbon-free sources of electricity. But they are costly. If you've been investing in those, give it up. That game is effectively over.”

“Investors covet past improvements but also always believe pricing unimaginable future creativity and efficiency gains is Pollyannaish. And they're always wrong. Bet on it.”

“I've done well over time but made lots of mistakes, too. Learn from your mistakes.”

“The world is filled with successful small businesses that stay small.”

“You may have seen my firm's ads screaming, 'I Hate Annuities.' Folks ask why we run them. Simple: Because I do.”

“One component of the leading economic indicators is the yield curve. Bond investors keep a close eye on this, as it illustrates the spread or difference between long-term interest rates and short-term ones.”

“The average mutual fund holding period for equity or fixed income is only about three years. It's too short.”

“Having different types of stocks in your portfolio can enhance returns.”

“All equity categories, correctly calculated, create near-identical lifelong returns. They just get there via wildly differing paths.”