Dan Sinton, Andrew S.Teufel – Fisher Investments on Telecom

Description

 

The Fisher Investments On sequence is designed to offer particular person traders, college students, and aspiring funding professionals the instruments crucial to grasp and analyze funding alternatives—primarily for investing in world shares.

Each information is an simply accessible primer to financial sectors, areas, or different elements of the worldwide inventory market. While this information is particularly on Telecom, the fundamental funding methodology is relevant for analyzing any world sector, whatever the present macroeconomic atmosphere.

Following a top-down method to investing, Fisher Investments on Telecom may also help you make extra knowledgeable selections throughout the Telecom sector. It skillfully addresses easy methods to decide optimum occasions to put money into Telecom shares and which Telecom industries have the potential to carry out effectively in varied environments.

Divided into three complete components—Getting Started, Telecom Details, and Thinking Like a Portfolio Manager—Fisher Investments on Telecom:

• Explains among the sector’s key macro drivers—like rates of interest, regulation, and danger aversion
• Shows easy methods to capitalize on a wide selection of macro situations and industry-specific options that can assist you kind an opinion on every of the industries throughout the sector
• Takes you thru the key elements of the industries throughout the world Telecom sector and divulges how they function
• Offers funding methods that can assist you decide when and easy methods to chubby particular industries throughout the sector
• Outlines a five-step course of to assist differentiate companies on this subject—designed that can assist you establish ones with the best chance of outperforming

Filled with in-depth insights, Fisher Investments on Telecom gives a framework for understanding this sector and its industries that can assist you make higher funding selections—now and sooner or later. With this guide as your information, you may achieve a worldwide perspective of the Telecom sector and uncover methods to assist obtain your investing objectives.

 

Table of Contents

Foreword.

Preface.

Acknowledgments.

Part I Getting Started in Telecom.

Chapter 1 Telecom Basics.

Telecom 101.

A Defensive Sector.

Inelastic Demand.

A Capital Intensive Sector.

Regulation.

Chapter 2 A Brief History of the Telecom Industry.

The Early Years.

Recent History.

Chapter 3 Telecom Sector Composition.

Global Industry Classification Standard (GICS).

Global Telecom Benchmarks.

Industry Breakdown.

Same, Same, however Different.

Part II Next Steps: Telecom Details.

Chapter 4 Telecom Sector Drivers.

Economic Drivers.

Political Drivers.

Sentiment Drivers.

Chapter 5 Consumer Demand.

Emerging Markets.

Developed Markets.

Chapter 6 Challenges and Opportunities.

Wireline.

Wireless.

Advertising & Publishing.

Part III Thinking Like a Portfolio Manager.

Chapter 7 The Top-Down Method.

Investing Is a Science.

Einstein’s Brain and the Stock Market.

The Top-Down Method.

Top-Down Deconstructed.

Managing Against a Telecommunications Benchmark.

Chapter 8 Security Analysis.

Make Your Selection.

A Five-Step Process.

Telecom Analysis.

Chapter 9 Telecom Investing Strategies.

Strategy 1: Adding Value on the Sector Level.

Strategy 2: Adding Value on the Country or Industry Level.

Strategy 3: Adding Value on the Security Level.

Appendix: Additional Resources.

Notes.

Glossary.

About the Authors.

Index.

 

Author Information

Dan Sinton is a Research Analyst at Fisher Investments. Prior to becoming a member of Fisher, he labored at Franklin Templeton and Charles Schwab and within the nonprofit sector. Dan obtained a BA in worldwide affairs on the University of Colorado and an MBA from Georgetown University. He presently lives in San Francisco, California.

Andrew S. Teufel has been with Fisher Investments since 1995 the place he presently serves as a Vice Chairman. Prior to becoming a member of Fisher Investments, he labored at Bear Stearns as a company finance analyst in its Global Technology Group. Andrew additionally instructs at many seminars and academic workshops all through the United States and United Kingdom, and has lectured on the Haas School of Business at UC Berkeley. He can also be Editor in Chief of MarketMinder.com. Andrew is a graduate of UC Berkeley.