Part two of Phil Fisher's 10 Dont's For Investors, as laid out in the book, Common Stocks and Uncommon Profits.
Don’t quibble over eighths and quarters
A throw-back the pre-2001 decimalization of the equity markets (Stocks were traded in fractions before April 2001).
Buffett has spoken in the past about how he’s set limit orders to buy stocks and not budged on price even if he really likes the opportunity. Fisher believed this approach was a mistake as bickering over a few extra dollars seems pointless if an opportunity has the potential to generate huge profits:
“For the small investor wanting to buy only a few hundred shares of a...
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