Ken Fisher is a money manager, Forbes columnist, billionaire, author and pioneer of the price-to-sales ratio. His firm, Fisher Asset Management, has approximately $45 billion under management. He has been ranked the No. 1 market expert by CXOAdvisory.

In a series of interviews in the fall, Fisher discussed such things as dealing with investment stress and measuring risk with benchmarks.

For those interested in piggybacking this master investor, Stockpickr has developed a portfolio of Fisher's top stocks based on percentage of holdings.

One of Fisher's top holdings is oil-field services company Schlumberger (SLB), which makes up more than 2% of Fisher's holdings. According to a recent TheStreet.comTV video, Schlumberger has a trading opportunity within a box, also known as a range, from a technical standpoint, with a floor of 40 to 41. The company has a fairly unfavorable high P/E ratio of 9, which is a bit above the industry average of 6, and its PEG ratio, although a reasonable 1.85, is unfortunately much higher than the industry average of 0.71. The stock pays a yield of 2%.

Schlumberger is owned by another top trader, T. Boone Pickens, the highest-paid hedge fund manager of 2005, earning $1.4 billion. Pickens also likes a few other stocks that Fisher owns, including Occidental Petroleum (OXY), with a P/E of 6 and a PEG of 1.37, and ABB (ABB), with a P/E of 7 and a PEG of 2.17. Jim Cramer calls ABB a "house of pain".

Another Fisher stock is China Mobile (CHL), a mobile telecommunications that serves China and Hong Kong. The stock should be a beneficiary of the China stimulus package, according to Ed Mullen, CEO of Emperor Investment Management, the first hedge fund in mainland China. The stock has a P.E ratio of 14 and a yield of 3.1%.

China Mobile is also owned by Harvard Management, an investment arm of Harvard University's Endowment Fund. Harvard also owns Weyerhaeuser (WY) and Cypress Semiconductor (CY), both of which have recently generated negative earnings.

More than 1.8% of Fisher's portfolio in ConocoPhillips (COP), a stock on Jim Cramer's radar. The company has a P/E of 4 and pays a yield of 3.7%.

For more ideas, check out Fisher's top stocks at Stockpickr.com.

Posted on Dec. 16, 2008