We demonstrate a long-term stable, all-fiber, erbium-doped femtosecond laser mode-locked by a black phosphorus saturable absorber. The saturable absorber, fabricated by scalable and highly controllable inkjet printing technology, exhibits strong nonlinear optical response and is stable for long-term operation against intense irradiation, overcoming a key drawback of this material. The oscillator delivers self-starting, 102 fs stable pulses centered at 1555 nm with 40 nm spectral bandwidth. This represents the shortest pulse duration achieved from black phosphorus in a fiber laser to date. Our results demonstrate the great potential for black phosphorus as an excellent candidate for long-term stable ultrashort pulse generation.