Fisher Investments on Telecom

Table of contents

1. Cover
2. Title
3. Copyright
4. Contents
5. Foreword
6. Preface
7. Acknowledgments
8. Part I: Getting Started in Telecom
   1. Chapter 1: Telecom Basics
      1. Telecom 101
      2. A Defensive Sector
      3. Inelastic Demand
      4. A Capital Intensive Sector
      5. Regulation
   2. Chapter 2: A Brief History of the Telecom Industry
      1. The Early Years
      2. Recent History
   3. Chapter 3: Telecom Sector Composition
      1. Global Industry Classification Standard (GICS)
      2. Global Telecom Benchmarks
      3. Industry Breakdown
      4. Same, Same, but Different
9. Part II: Next Steps: Telecom Details
   1. Chapter 4: Telecom Sector Drivers
      1. Economic Drivers
      2. Political Drivers
      3. Sentiment Drivers
   2. Chapter 5: Consumer Demand
      1. Emerging Markets
      2. Developed Markets
   3. Chapter 6: Challenges and Opportunities
      1. Wireline
      2. Wireless
      3. Advertising & Publishing
10. Part III: Thinking Like a Portfolio Manager
    1. Chapter 7: The Top-Down Method
       1. Investing Is a Science
       2. Einstein’s Brain and the Stock Market
       3. The Top-Down Method
       4. Top-Down Deconstructed
       5. Managing Against a Telecommunications Benchmark
    2. Chapter 8: Security Analysis
       1. Make Your Selection
       2. A Five-Step Process
       3. Telecom Analysis
    3. Chapter 9: Telecom Investing Strategies
       1. Strategy 1: Adding Value at the Sector Level
       2. Strategy 2: Adding Value at the Country or Industry Level
       3. Strategy 3: Adding Value at the Security Level
11. Appendix: Additional Resources
12. Notes
13. Glossary
14. About the Authors
15. Index