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

The Fisher Investments On collection is designed to supply particular person traders, college students, and aspiring funding professionals the instruments essential 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 parts of the worldwide inventory market. While this information is particularly on Telecom, the essential 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 might help you make extra knowledgeable selections inside the Telecom sector. It skillfully addresses the best way to decide optimum instances to spend money on Telecom shares and which Telecom industries have the potential to carry out properly 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 the best way to capitalize on a wide selection of macro situations and industry-specific options that will help you type an opinion on every of the industries inside the sector
• Takes you thru the most important parts of the industries inside the world Telecom sector and divulges how they function
• Offers funding methods that will help you decide when and the best way to chubby particular industries inside the sector
• Outlines a five-step course of to assist differentiate corporations on this subject—designed that will help you establish ones with the best chance of outperforming

Filled with in-depth insights, Fisher Investments on Telecom supplies a framework for understanding this sector and its industries that will help you make higher funding selections—now and sooner or later. With this ebook as your information, you’ll be able to achieve a worldwide perspective of the Telecom sector and uncover methods to assist obtain your investing targets.

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 acquired a BA in worldwide affairs on the University of Colorado and an MBA from Georgetown University. He at present lives in San Francisco, California.

Andrew S. Teufel has been with Fisher Investments since 1995 the place he at present 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 be Editor in Chief of MarketMinder.com. Andrew is a graduate of UC Berkeley.