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

Canadian Value

CanadianValue

209 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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