Fisher's Five Don'ts for Investors

1. Don't overstress diversification and don't follow the crowd.

2. Don't buy into promotional companies

3. Don't ignore a good stock just because it is traded "over-the-counter."

4. Don't buy a stock just because you like the "tone" of its annual report.

5. Don't assume that the high price at which a stock may be selling in relation to its earnings is necessarily an indication that further growth in those earnings has largely been already discounted in the price.

(As Stated by Valuewalk)

Fisher's son, Kenneth Fisher, wrote a eulogy for his father in Forbes magazine: "Among the pioneer, formative thinkers in the growth stock school of investing, he may have been the last professional witnessing the 1929 crash to go on to become a big name. His career spanned 74 years, but was more diverse than growth stock picking. He did early venture capital and private equity, advised chief executives, wrote and taught. He had an impact. For decades, big names in investing claimed Dad as a mentor, role model and inspiration."