Investing Strategies for Alternative Global Markets (Collection)

Book Description

3 breakthrough books deliver innovative global investing strategies for today’s radically new market environment

Yesterday’s investment strategies won’t cut it any more! This Collection brings together innovative new approaches from three of this generation’s most successful investors: strategies you simply won’t find elsewhere! In Buying at the Point of Maximum Pessimism: Six Value Investing Trends from China to Oil to Agriculture, Lauren Templeton Capital Management’s D. Scott Phillipsreveals today’s secret for earning consistently outsized profits: In times of maximum pessimism, recognize your long-term opportunities, and pounce! Phillips identifies six powerful value investing themes for the 2010s: emerging areas of long-term growth that become even more compelling in volatile or bear markets. In What Would Ben Graham Do Now?: A New Value Investing Playbook for a Global Age, Jeffrey Towson modernizes value investing for high-growth emerging markets, introducing techniques he mastered working for Prince Alwaleed, the “Arabian Warren Buffet.” Building on Ben Graham’s classic focus on price and quality, he integrates crucial values of political access, reputation, and capabilities that are indispensable for modern global investing. Next, he presents practical investment “playbooks” designed to help you profitably navigate tomorrow’s titanic market collisions. Finally, in The Esoteric Investor: Alternative Investments for Global Macro Investors, Vishaal B. Bhuyanreveals immense new investment opportunities hidden in the coming age wave, pension crisis, and today's massive demographic, economic, and regulatory shifts. Discover how to profit from reverse equity transactions, surprising commodities, and longevity risk markets—the $24 trillion market you've never heard of!

From world-renowned leaders in alternative global investment, includingD. Scott Phillips, Vishaal B. Bhuyan,andJeffrey Towson

Table of Contents

  1. Title Page
  2. Contents
  3. Buying at the Point of Maximum Pessimism: Six Value Investing Trends from China to Oil to Agriculture
    1. Contents
    2. Praise for Buying at the Point of Maximum Pessimism
    3. Foreword
    4. Acknowledgments
    5. About the Author
    6. Introduction
    7. Chapter 1. The Fed Sentences the Consumer to Debtor’s Prison
      1. An Economic Recovery Built on Borrowed Money
      2. The Fed’s Potion of Low Rates and Rising Home Prices Becomes an Economic Elixir
      3. A Chicken in Every Pot? Try a Hummer in Every Garage
      4. The Three Cs of Credit Give Way to Financial Innovation
      5. Endnote
    8. Chapter 2. The Biggest Gamblers Go “All In” on the Housing Bet
      1. Trouble in Paradise
      2. The Canary Died Unheard from the Boardrooms, Yachts, and Golf Courses
      3. The Credit Bubble Draws in Every Last Bull
      4. Endnotes
    9. Chapter 3. Financial Chaos
      1. The Crisis Moves from Subprime to Prime Time
      2. Endnotes
    10. Chapter 4. Quis Custodiet Ipsos Custodes?
      1. An Alphabet Soup of Rescue Acronyms Will Save Us
      2. Strategy Number Two: Spend Our Way Out of a Spending Problem
      3. The Vestigial Effects of the Crisis Come into Focus
      4. The Visible Hand Is Coming into View, and It’s All Thumbs
      5. Endnotes
    11. Chapter 5. A New Landscape for Investors
      1. Entrepreneurialism Is Thriving in Many Key Emerging Markets
      2. Crisis Is an Opportunity for Those in a Position to Seize the Opportunity
      3. The New Landscape
      4. Endnote
    12. Chapter 6. China: Ready for Prime Time
      1. A Culture Well Suited for Capitalism
      2. Putting Those Rainy-Day Savings to Work in the Worst Storm of the Past Century
      3. Urbanization Is the Growth Engine
      4. The Path Toward Consumerism and the Domestic Economy
      5. Prime-Time Products
      6. Endnotes
    13. Chapter 7. Proteins and Agribusiness: Billions and Billions to Be Served
      1. Where’s the Beef (and Chicken and Pork, Too)?
      2. Eating Good in the Global Neighborhood
      3. Brazil Has the Competitive Advantages in Agribusiness
      4. Strong Fundamentals Across the Value Chain
      5. Endnote
    14. Chapter 8. Formula for Success: Rise Early, Work Hard, Strike Oil
      1. In the Long Term, Healthy Demand Meets Higher Cost Supply
      2. Market Distortions from the Fed’s Loose Credit and Easy Money
      3. Seeking Alternatives in the Hydrocarbon Space
      4. Endnote
    15. Chapter 9. An All-Too-Common Tragedy
      1. Human Behavior Is Timeless
      2. Strong Demand Underscores the Overexploitation
      3. A Tragedy Leads to an Opportunity
      4. Endnotes
    16. Chapter 10. What Happens When 700 Million Students Want Extra Help?
      1. Spending on Education Takes Precedence in Many Emerging-Market Households
      2. The Role of Technology and Innovation
      3. 10 Million Students Applying for 6 Million Spots in College—No Pressure
      4. Continuing Education
      5. Financial Crisis Portends Continued Growth in the Emerging-Market Education Services
      6. Education Plays and Their Fundamental Dynamics
      7. Endnotes
    17. Chapter 11. A Rare Opportunity
      1. Demand for Global Technology Remains Strong
      2. It’s Not Easy Being Green
      3. There Is Oil in the Middle East; There Are Rare Earths in China
      4. Endnotes
    18. Index
  4. What Would Ben Graham Do Now?: A New Value Investing Playbook for a Global Age
    1. Contents
    2. Praise for What Would Ben Graham Do Now?
    3. Acknowledgments
    4. About the Author
    5. Preface
      1. Chapter Descriptions
    6. 1. Introduction
      1. The Struggle to Go Global
      2. What Would Ben Graham Do?
      3. About That Nagging Feeling That You’re Missing Out
      4. The Search for the Opportunity to Add Value
      5. Intelligent Global Investing
      6. The Prince Waleed Years
    7. 2. Rethinking Value in a Global Age
      1. A Value-Based Worldview
      2. Rederiving Graham’s Method
    8. 3. Value Point
      1. B2B: Back to the Balance Sheet
      2. Putting It All Together
      3. Value Keys
      4. The More Things Change...
      5. ...the More They Stay the Same
    9. 4. Investing in Politicized Markets
      1. Mapping the New Political-Economic World Order
      2. Liar’s Poker and Liar’s Dice
      3. An Aside on the China-Versus-U.S. Question
      4. Rise of the Arab and Asian Godfathers
      5. The New Political-Economic Powers Are Deal-Makers, Too
      6. Where the Visible Hand of Government Helps Investors
    10. 5. How Political Access Adds Value
      1. Princes, SOEs, and Government Sachs
      2. Political Access Success Stories
      3. The Value of Political Access in State Capitalist Systems
      4. The Value of Political Access in Godfather Economies
      5. Investment Strategies for Politicized Markets
      6. Live by Politics, Die by Politics
      7. Political Access by Locals
    11. 6. The World Is Biased
      1. The Room Looks Different Depending on Where You’re Sitting
      2. The Disproportionate Bias of Western Investors
      3. Reputation Lets Your Capital Punch Above Its Weight Class
      4. How to Create an Emerging-Market ATM
    12. 7. The Profits and Perils of Reputation
      1. Institutional Investors on the Frontier
      2. Hong Kong, Dubai, and the Path of Least Resistance
      3. “Danger: Alligators. No Swimming. Survivors Will Be Prosecuted.”
      4. Reputation and Capital Were Not Enough to Save Danone’s China Venture
      5. Coca-Cola Rides Its Reputation to 1.3 Billion New Customers
      6. Emerging-Market Shenanigans
    13. 8. Capability Deals in Theory
      1. From the New to the Newer World
      2. Most Capabilities Are Local
      3. Crossing the Governance Rubicon
      4. Value Point’s Deep Well
    14. 9. Capability Deals in Practice
      1. Winning Long-Term in Difficult Environments
      2. Winning Short-Term in Really Difficult Environments
      3. Foreign Versus Local, Capability Stampedes, and Global Wing Walking
      4. Lessons from the Saudis
    15. 10. Global Tycoons, Value Tanks, and Other “Go for the Jugular” Strategies
      1. Global Tycoon Investing
      2. Rethinking from Good to Great
      3. “Value Tanks”
      4. “Direct Spectacular” Investments
      5. Rethinking Good to Great Environments
      6. Invest Like a Global Tycoon
      7. The Best Deals Are Simple Deals
    16. 11. It’s Still About Price and Quality
      1. From Screening to Networking
      2. Picking Your Hunting Ground
      3. Look Again Before You Leap
      4. Filling Your Global Dance Card
      5. Moving the Castle to an Island
      6. All Your Eggs in One Basket Versus All Your Baskets Tied Together
      7. The Intelligent Global Investor
    17. 12. A Global Investment Playbook
      1. Strategy #1: Buy Underpriced Good-to-Great Stocks
      2. Strategy #2: Buy Great Companies on Their Knees
      3. Strategy #3: Buy “Potentially Great” Companies, and Make Them Great
      4. Strategy #4: Launch a Value Tank for Global Acquisition and Development Deals
      5. Strategy #5: Build a “Direct Spectacular” Investment
      6. Strategy #6: Buy or Build a “Bird on a Rhino” Investment in a High Growth Environment
      7. Strategy #7: Buy Small-Medium Private Companies in a Rising Environment
      8. Strategy #8: Buy Cheap Companies in Environments or Situations That Others Avoid
      9. Strategy #9: Structure Political Deals with Guaranteed Returns, or Buy Companies with Politically Limited Competition
      10. A Multiprong Approach to Global Investing
    18. 13. After Markets Collide: The Next Twenty Years
      1. The New Wall Street
      2. How to Become a Global Tycoon
      3. Value Investors Should Go Global
      4. Business Development Executives Are the Uncrowned Princes of Global Investing
      5. Private Equity as the Value-Added Partner of Choice
      6. Accelerating Out of the Downturn
      7. Dedicated to the Skeptical Optimists
    19. Notes
      1. Chapter 1
      2. Chapter 2
      3. Chapter 3
      4. Chapter 4
      5. Chapter 5
      6. Chapter 6
      7. Chapter 7
      8. Chapter 8
      9. Chapter 9
      10. Chapter 10
      11. Chapter 11
      12. Chapter 12
      13. Chapter 13
    20. Index
  5. The Esoteric Investor: Alternative Investments for Global Macro Investors
    1. Contents
    2. Acknowledgments
    3. About the Author
      1. Contributing Authors
    4. Introduction
    5. Part I Investing in Demographics
      1. 1. Building the Demographic Framework
        1. Economic Implications of Longevity and Mortality Risk
        2. Endnotes
      2. 2. Longevity and Mortality Risk Markets
        1. Longevity Risk: The Nail in Japan’s Coffin
        2. Conclusion
        3. Endnotes
      3. 3. Reverse Equity Transactions
        1. Life Settlements
        2. Reverse Mortgages
        3. Conclusion
        4. Endnotes
    6. Part II. The Tuna Trade
      1. 4. The Bluefin Tuna
        1. Australia
        2. Bluefin Tuna
        3. Yellowfin Tuna
        4. Albacore
        5. Bigeye Tuna
        6. Skipjack
        7. Commercial Tuna Fishing
        8. Endnotes
      2. 5. Tsukiji Fish Market
        1. Tuna Farming
        2. Tuna Frenzy
        3. Conserving the Tuna
        4. Endnotes
      3. 6. Fishing for Maguro
        1. Conclusion
        2. Endnotes
    7. Part III. Blue Gold
      1. 7. Water: Who Has It, and Who Doesn’t
        1. Where Is the Water?
      2. 8. Mimicking the Water Cycle: Making Water Potable
        1. Endnotes
      3. 9. The Politics and Geopolitics of Water
      4. 10. Investment Implications and Opportunities
        1. Nations with All the Water They Need and That Can Bargain for Downstream Concessions
        2. The Owners of Water Rights in Nations Where Property Rights Are Respected
        3. The Water Utilities
        4. Consumer Product Companies
        5. Companies Involved in Desalination, Water Remediation and Purification, and Infrastructure
        6. ETFs That Try to Cover the “Water” Front
        7. Conclusion
        8. Endnotes
    8. Bibliography
    9. Index
  6. The Great Deleveraging: Economic Growth and Investing Strategies for the Future
    1. Contents
    2. Acknowledgments
    3. About the Authors
    4. Introduction
      1. Five Major Events Driving Globalization
    5. 1. The Great Leveraging
      1. Sources and Forces of the Debt Expansion
      2. Sources and Endnotes
    6. 2. Growth Realities
      1. Cycles
      2. A Strong Private Sector Is a Must
      3. Concentration, Dispersion, and Diversification
    7. 3. Nine Decades of Real Asset Class Returns
      1. Nine Decades of Real Returns for Eight Asset Classes
      2. 1920s and Before
      3. 1930s
      4. 1940s
      5. 1950s
      6. 1960s
      7. 1970s
      8. 1980s
      9. 1990s
      10. The 2000s
      11. Endnotes
    8. 4. Global Economic Growth
      1. The United States Emerges as the Leading Global Economy
      2. Demographic and Other Shifts
      3. Per Capita Growth
      4. Endnotes
    9. 5. Bull and Bear Markets
      1. Characteristics of an Equity Bull Market
      2. Characteristics of an Equity Bear Market
      3. The Great Bull Markets
      4. A New Beginning and the End of the Malaise: 1982–1987
      5. The Information Age, a Peace Dividend, and Y2K: 1990–2000
      6. The Big Bear Markets
    10. 6. Global Growth Drivers
      1. Leveraging Comparative Advantage
      2. Analyzing National Environments
      3. International Market Features
    11. 7. Three Emerging Countries
      1. China
      2. India
      3. Israel
    12. 8. Private Sector Composition
      1. Company Characteristics
      2. The Sectors and the Industry Groups
      3. Endnotes
    13. 9. Industry Evolution
      1. The Growth of the Financial Services Sector
      2. Industry Trends and Challenges
      3. Endnotes
    14. 10. The Great Deleveraging
      1. The Last Deleveraging: 1930–1953
      2. The Next Deleveraging
      3. Nonfinancial Corporations
      4. Summary
    15. 11. Market Signals
      1. Valuation
      2. Prior Returns
      3. Interest Rates and Valuation
      4. Interest Rate Spreads
      5. Liquidity Metrics
      6. Gold and the Dollar
      7. Conclusion
    16. 12. Rules of the Road
      1. Know Your Financial Self
      2. Build a Personal Balance Sheet
      3. Understand Your Appetite for Risk
      4. Develop a Saving Discipline
      5. Preserve Principal
      6. Develop a Spending Discipline
      7. Diversify the Portfolio
      8. Identify the Market Phase—Structural Bull Market or Structural Bear Market
      9. Apply Basic Investment Disciplines
      10. Have a Sell Discipline
      11. Education, Get More
      12. The Goal Is to Beat Your Financial Benchmark
      13. Endnotes
    17. Index

Product Information

  • Title: Investing Strategies for Alternative Global Markets (Collection)
  • Author(s): Scott Phillips, Vishaal B. Bhuyan, Jeffrey Towson
  • Release date: August 2011
  • Publisher(s): Pearson
  • ISBN: 9780132808460