Fisher Investments / Teufel / Pyles Fisher Investments on Materials

1. Auflage 2010
ISBN: 978-0-470-62181-3
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 256 Seiten, E-Book

Reihe: Fisher Investments Press

The second installment of the Fisher Investments On seriesis a comprehensive guide to the Materials sector. FisherInvestments on Materials can benefit both new and seasonedinvestors, covering everything from Materials sector basics tospecific industry insights to practical investing tactics,including common pitfalls to avoid.
The book will begin with a discussion of FisherInvestments' investing philosophy as it applies to theMaterials sector. Then, readers will be lead through a discussionof sector basics , what drives the industries, and develop aframework for individual security analysis. Finally, the book willlook at industry fundamentals and discuss what investors can do toprotect themselves in a down market.
For more information visit www.materials.fisherinvestments.com

Autoren/Hrsg.

Teufel, Andrew

Pyles, Brad

Inhaltsverzeichnis

Foreword.
Preface.
Acknowledgments.
Part I. Getting Started in Materials.
Chapter 1. Materials Basics.
Materials 101.
Commodity Pricing Basics.
The Production Process.
Chapter 2. A Brief History of Materials.
The Industrial Revolution.
Structural Shifts in Metals Since the Industrial Revolution.
Industrialization of the Emerging Markets.
Chapter 3. Materials Sector Drivers.
Key Drivers.
Drivers at Work.
Case Study: Copper.
Part II. Next Steps: Materials Details.
Chapter 4. Materials Sector Breakdown.
Global Industry Classification Standard (GICS).
Global Materials Benchmarks.
Metals & Mining Industry.
Chemicals.
Construction Materials.
Paper & Forest Products.
Containers & Packaging.
Chapter 5. Staying Current: Tracking SectorFundamentals.
What to Watch.
Chapter 6. Case Study: The 2003 to 2007 Bull Market inMaterials.
The Backdrop.
Demand Growth.
Supply Constraints.
The Growth of Mergers and Acquisitions.
Part III. Thinking Like a Portfolio Manager.
Chapter 7. The Top-Down Method.
Investing Is a Science.
The Top-Down Method.
Top-Down Deconstructed.
Managing Against a Materials Benchmark.
Chapter 8. Security Analysis.
Make Your Selection.
A Five-Step Process.
Important Questions to Ask.
Chapter 9. Materialize Your Portfolio: InvestingStrategies.
Strategy 1: Adding Value at the Industry and Sub-industryLevel.
Strategy 2: Adding Value at the Security Level.
Strategy 3: Adding Value in a Materials Sector Downturn.
Strategy 4: Investing In Commodities.
Appendix A: Materials Sector Resources.
Appendix B: Top 10 Materials Firms by Industry.
Notes.
Glossary.
About the Authors.
Index.

Über Autor(innen)

Brad W. Pyles (San Francisco, California) is a capitalmarkets analyst at Fisher Investments with a focus on Materials andmacroeconomic strategy. He regularly presents to audiences atinvesting seminars and educational workshops across the country. Hegraduated from UCLA with a BA in Business Economics and a minor inMathematics. Originally from Honolulu, he now resides in SanFrancisco with his wife, Tina.
Andrew S. Teufel (San Francisco, California) has been amember of Fisher Investments research staff since 1995 and iscurrently Co-President and Director of Research. Prior to joiningthe firm, he worked at Bear Stearns as a corporate finance analyst.He is a graduate of the University of California at Berkeley, andhas lectured at the Haas School of Business on topics in investmentmanagement. Andrew has conducted hundreds of investment seminarsand educational workshops throughout the US and the UK. He alsoserves as Editor-in-Chief of MarketMinder.com.