December 2012
Intermediate to advanced
656 pages
25h 45m
English
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chapter 14
Sector/Industry Analysis
As you prepare to invest your inheritance, you are reminded that you have read about the telecom boom and bust of the late 1990s, the strong performance of the energy sector in 2007–2008 (and possibly for years to come), the outstanding performance of stocks such as Apple, Amazon, and Google in recent years, and so forth. Therefore, it seems obvious to you that you should consider some basic information about sectors and industries that are likely to be important in future years. You already understand you must think ahead when you invest. Yesterday's performers may very well not be tomorrow's performers. You will quickly realize that you cannot become proficient in understanding how to analyze sectors and industries unless you devote a lot of time to the task, but it does seem reasonable that a small effort in this area will pay off. And indeed, it will!
Suppose in late 2011 you were ready to invest some of your money for the year ahead. Two sectors, railroads and biotechnology, have been suggested to you by different people as possibilities for good performance over the next year. Which do you think is likely to perform better? This does not seem like a difficult choice because railroads are so 19th- and 20th-century, and biotechnology is important in the 21st century.
According to an issue of The Value Line Investment Survey at that time, which ranks industries as to likely performance over the next year, railroads ranked close to the top ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.