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Fisher Investments on Materials

Book Description

The second installment of the Fisher Investments On series is a comprehensive guide to the Materials sector. Fisher Investments on Materials can benefit both new and seasoned investors, covering everything from Materials sector basics to specific industry insights to practical investing tactics, including common pitfalls to avoid.

The book will begin with a discussion of Fisher Investments’ investing philosophy as it applies to the Materials sector. Then, readers will be lead through a discussion of sector basics , what drives the industries, and develop a framework for individual security analysis. Finally, the book will look at industry fundamentals and discuss what investors can do to protect themselves in a down market.

For more information visit www. materials.fisherinvestments.com

Table of Contents

  1. FISHER INVESTMENTS PRESS
  2. Title Page
  3. Copyright Page
  4. Foreword
  5. Preface
    1. USING YOUR MATERIALS GUIDE
  6. Acknowledgements
  7. I - GETTING STARTED IN MATERIALS
    1. Chapter 1 - MATERIALS BASICS
      1. MATERIALS 101
      2. COMMODITY PRICING BASICS
      3. THE PRODUCTION PROCESS
    2. Chapter 2 - A BRIEF HISTORY OF MATERIALS
      1. THE INDUSTRIAL REVOLUTION
      2. STRUCTURAL SHIFTS IN METALS SINCE THE INDUSTRIAL REVOLUTION
      3. INDUSTRIALIZATION OF THE EMERGING MARKETS
    3. Chapter 3 - MATERIALS SECTOR DRIVERS
      1. KEY DRIVERS
      2. DRIVERS AT WORK
      3. CASE STUDY: COPPER
  8. II - NEXT STEPS: MATERIALS DETAILS
    1. Chapter 4 - MATERIALS SECTOR BREAKDOWN
      1. GLOBAL INDUSTRY CLASSIFICATION STANDARD (GICS)
      2. GLOBAL MATERIALS BENCHMARKS
      3. METALS & MINING INDUSTRY
      4. CHEMICALS
      5. CONSTRUCTION MATERIALS
      6. PAPER & FOREST PRODUCTS
      7. CONTAINERS & PACKAGING
    2. Chapter 5 - STAYING CURRENT
      1. WHAT TO WATCH
    3. Chapter 6 - CASE STUDY
      1. THE BACKDROP
      2. DEMAND GROWTH
      3. SUPPLY CONSTRAINTS
      4. THE GROWTH OF MERGERS AND ACQUISITIONS
  9. III - THINKING LIKE A PORTFOLIO MANAGER
    1. Chapter 7 - THE TOP-DOWN METHOD
      1. INVESTING IS A SCIENCE
      2. THE TOP-DOWN METHOD
      3. TOP-DOWN DECONSTRUCTED
      4. MANAGING AGAINST A MATERIALS BENCHMARK
    2. Chapter 8 - SECURITY ANALYSIS
      1. MAKE YOUR SELECTION
      2. A FIVE-STEP PROCESS
      3. IMPORTANT QUESTIONS TO ASK
    3. Chapter 9 - MATERIALIZE YOUR PORTFOLIO Investing Strategies
      1. STRATEGY 1: ADDING VALUE AT THE INDUSTRY AND SUB-INDUSTRY LEVEL
      2. STRATEGY 2: ADDING VALUE AT THE SECURITY LEVEL
      3. STRATEGY 3: ADDING VALUE IN A MATERIALS SECTOR DOWNTURN
      4. STRATEGY 4: INVESTING IN COMMODITIES
  10. Appendix A Materials Sector Resources
  11. Appendix B Top 10 Materials Firms by Industry
  12. Notes
  13. Glossary
  14. About the Authors
  15. Index