Philip Fisher

Here is the article on investopedia.com.

Philip Fisher’s Belief in Small-Cap Growth Stocks

Fisher divided the universe of growth stocks into large and small companies. On one end of the spectrum are large, financially strong companies with solid growth prospects, which during his time included IBM, Dow Chemical and DuPont, all of which increased in share price fivefold in the 10-year period from 1946 to 1956.

Although such returns were enviable, Fisher was more interested in the big returns that could be found in "small and frequently young companies…[with] products that might bring a sensational future." Of these companies, Fisher wrote, "the young growth stock offers by far the greatest possibility of gain. Sometimes this can mount up to several thousand percent in a decade." Fisher believed that all else being equal, investors should concentrate their efforts on uncovering young companies with outstanding growth prospects.

Actionable Items

I should invest some time to learn to find some growth stocks to purchase with several thousand percent in a decade.