About Quote by Kenneth Fisher
“Back in the '60s and '70s, data were scarce, and while analysts knew that companies with fat gross margins lagged those with thin gross margins early in bull markets - and overachieved in the later phases - they couldn't do much about it.”
About This Quote
Source Article: The Wall Street Journal, "Margins and Market Cycles", 1998
Thin profit margins often signal stronger future performance in expanding markets.
In simple terms: Low margins can predict later success.
Key Takeaway
Watch margin trends for investment clues.
Themes
finance
market cycles
investment strategy
Mood
analytical
cautious
Type
financial
strategic
When to use this quote
- stock selection
- portfolio management
- economic forecasting
- business planning
Key Concepts
margin analysis
bull market dynamics
risk assessment
Questions to Reflect On
- How do you balance margin data with other indicators?
- What risks accompany thin‑margin firms?
A Different Perspective
Margins alone don’t guarantee success.
