January 2013
Beginner
384 pages
9h 44m
English
Content preview from Stock Investing For Dummies, 4th Edition
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Chapter 13
Emerging Sector and Industry Opportunities
In This Chapter
Distinguishing sectors from industries
Asking questions about sectors and industries
Keeping an eye on bullish and bearish sectors and industries
Suppose that you have to bet your entire nest egg on a one-mile race. All you need to do is select a winning group. Your choices are the following:
Group A: Thoroughbred race horses
Group B: Overweight Elvis impersonators
Group C: Lethargic snails
This isn’t a trick question, and you have one minute to answer. Notice that I didn’t ask you to pick a single winner out of a giant mush of horses, Elvii, and snails; I only asked you to pick the winning group in the race. The obvious answer is the thoroughbred race horses (and no, they weren’t ridden by the overweight Elvis impersonators because that would take away from the eloquent point being made). In this example, even the slowest member of Group A easily outdistances the fastest member of either Group B or C.
Industries, like groups A, B, and C in my example, aren’t equal, and life isn’t fair. After all, if life were fair, Elvis would be alive, and the impersonators wouldn’t exist. Fortunately, picking stocks doesn’t ...
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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.