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Son of Legendary Investor Phil Fisher (and Buffett Influence) Is Very Bullish on China

March 27, 2012 | About:
CanadianValue

CanadianValue

210 followers
Ken Fisher, head of Fisher Investments and son of the legendary Phil Fisher spoke to Tom Keene of Bloomberg today.

Fisher’s comments

- Bullish on Chinese companies.

- Thinks the government cycle is going to be very important to the economy; the government transition is upcoming and Fisher believes they will ignite the economy to make for a happy transition.

- He likes China Life (LFC) which has a 40% market share, trades at 15 time earnings, China Telecom, China Yuchai (CYD), Yanzhou Coal Mining (YZC), Petrochina (PTR), Huaneng Power (HNP) and Aluminum Corporation of China (ACH).

- Thinks American investors are still shell shocked from the 2008 crash.

- Likens the current state of the market to the early '90s coming out of the S&L crisis, a recession and the 1987 market crash.

Here is the link to the audio interview:

http://media.bloomberg.com/bb/avfile/News/Surveillance/v3a1F.RquF5w.mp3

About the author:

CanadianValue
http://valueinvestorcanada.blogspot.com/

Rating: 2.8/5 (6 votes)

Comments

cm1750
Cm1750 premium member - 2 years ago
Ken Fisher is a financial charlatan who is abusing his father's name and reputation.

His firm is a marketing enterprise focused on asset gathering and collecting fees.

The only record I found of Ken Fisher is the PURIX fund which has very mediocre results bottom half ranking for the last 3-10 years based on Morningstar.

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