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菲利普·费雪在斯坦福商学院的教学——证据摘录与可用性发现

1960s-2000 · evidence-extract · 原文约 526 词
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证据摘录——关于菲利普·费雪在斯坦福商学院教职经历的有记载内容。

仅摘取简短片段；完整章节为版权保护的书中章节，未被存档。

EVIDENCE EXTRACT — what is documented about Philip Fisher's teaching at Stanford GSB. Short excerpt only; the full chapter is a copyrighted book chapter and was NOT archived.

安德鲁·基尔帕特里克，《永恒价值：沃伦·巴菲特的故事》，第 4 章（“一份遗产：斯坦福之子；价值投资之人”），PDF 公开发布于 tilsonfunds.com/JackMcDonald.pdf

== Source == Andrew Kilpatrick, "Of Permanent Value: The Story of Warren Buffett", chapter 4 ("A Legacy: The Sons of Stanford; The Men of Value Investing"), PDF posted publicly at tilsonfunds.com/JackMcDonald.pdf

巴菲特、芒格和菲利普·费雪多年来都曾在麦克唐纳的课堂上讲过课，他们表示，尽管市场大体上是有效的，但并非总是有效。巴菲特每两年教一堂课，芒格偶尔也会来讲，费雪在 2000 年最后一次给麦克唐纳的班级做了演讲。

“20 世纪 70 年代中期，通过斯坦福大学的介绍，我认识了沃伦和苏茜·巴菲特。

== Excerpt == Buffett, Munger and Phil Fisher, who have all spoken to McDonald’s class over the years, say that while the market may be largely efficient, it is not always efficient. Buffett teaches one class every two years, Munger has spoken occasionally and Fisher gave his last talk to McDonald’s class in 2000. “In the mid 1970s, I was introduced to Warren and Susie Buffett by Stanford’s

他在 1967 年获得博士学位，多年来自身也是成功的投资者。

麦克唐纳从菲利普·费雪那里深深感染了投资的“病毒”。费雪是斯坦福商学院 1929 届毕业生，也是麦克唐纳已故父亲厄尔的同班同学——正是在 1929 年大崩盘那一年。由于《怎样选择成长股》一书的成功，费雪在 1960 年代初受邀到斯坦福教授投资管理课程。他教了两年，而麦克唐纳有幸成为他的学生。

费雪在 2000 年最后一次给麦克唐纳的班级讲话时已年过九旬且身体抱恙，但他一如既往地强调，要关注供应商、客户和竞争对手，但“首要的是优秀的管理层”，他说。（《杰出投资者文摘》第十五卷第七期，2000 年）。费雪说他不需要很多好股票，而要少量杰出的股票。“我坚信分散投资，但我不相信过度分散……我的基本理念是了解少数几家公司，并且深入了解它们。”

自 1968 年起，麦克唐纳在 MBA 课程和高管培训项目中教授三门学科：投资管理；创业金融/私募股权；以及公司金融，所有课程都带有全球视角。（本田和保时捷的案例研究便是例证。）

作为日本产业银行金融学教授，他的一个重点研究方向是……

pleted a Ph.D. in 1967. For years he has been a successful investor himself. McDonald caught the fundamental investing bug from Phil Fisher, who was a 1929 graduate of Stanford Business School and a classmate of McDonald’s late father Earl in the year of the Great Crash of ’29, Fisher was asked in the early 1960s to come to Stanford to teach investment management because of the success of his book, Common Stocks and Uncommon Profits. Fisher taught for two years, and McDonald was fortunate to be his student. Fisher, in his 90s and ill when he last spoke to McDonald’s class in 2000, stressed, as always, the importance of looking at suppliers, customers and competitors, but “first is outstanding management,” he said. (Outstanding Investor Digest, Volume XV Number 7, 2000). Fisher said he didn’t want a lot of good stocks, but rather a few outstanding stocks. “I believe strongly in diversification, but I do not believe in over-diversifying...My basic theory is to know a few companies and know them well.” Since 1968 McDonald has taught MBA courses and executive programs in three subject areas: investment management; entrepreneurial finance/private equity; and, corporate finance, all with a global perspective. (Case studies of Honda and Porsche are examples.) As the Industrial Bank of Japan Professor of Finance, a special emphasis in his

== 这说明什么呢 ==

  1. 费雪 1929 年毕业于斯坦福商学院。
  2. 20 世纪 60 年代初，他凭借《怎样选择成长股》一书获邀在斯坦福商学院教授投资管理课程。
  3. 他只教了两年。杰克·麦克唐纳是他的学生，后来接替了这门课。
  4. 费雪最后一次在麦克唐纳的课堂上演讲是在 2000 年，当时他已 90 多岁且身体状况不佳。
  5. 本文引用的那次 2000 年演讲的主要记录来自《杰出投资者文摘》第 15 卷第 7 期（2000 年）——那是一份付费订阅的投资通讯，并非免费公开资源。

== What this establishes ==

  1. Fisher was a 1929 graduate of Stanford Business School.
  2. He was invited in the early 1960s to teach investment management at Stanford GSB on the strength of Common Stocks and Uncommon Profits.
  3. He taught for TWO YEARS only. Jack McDonald was his student and later inherited the course.
  4. Fisher's last talk to McDonald's class was in 2000, when he was in his 90s and ill.
  5. The primary record of that 2000 talk cited here is Outstanding Investor Digest, Vol. XV No. 7 (2000) — a paid subscription newsletter, not a free public source.

== 无法核实的内容 ==

未找到斯坦福商学院（Stanford GSB）公开、免费、数字化的费雪本人教学资料档案（包括课程大纲、阅读书目、讲义、录音）。searchworks.stanford.edu 和 archives.stanford.edu 均拒绝从本环境连接（TLS 重置），因此无法直接查询斯坦福的目录；这记录为一项未解决的核查，并非得出“不存在任何资料”的结论。20 世纪 60 年代初那段为期两年的教职经历，比常规课程录制早了数十年。

== What could NOT be verified == No public, free, digitised Stanford GSB course archive of Fisher's own teaching materials (syllabus, reading list, lecture notes, recordings) was located. searchworks.stanford.edu and archives.stanford.edu both refused connections from this environment (TLS reset), so the Stanford catalogues could not be queried directly; this is recorded as an unresolved check, NOT as a finding that nothing exists. The two-year teaching stint in the early 1960s pre-dates routine course recording by decades.