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The book will begin with a discussion of Fisher Investments’ investing philosophy as it applies to the Materials sector. Then, readers will be lead ...
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 materials.fisherinvestments.com
Part I. Getting Started in Materials.
Chapter 1. Materials Basics.
Commodity Pricing Basics.
The Production Process.
Chapter 2. A Brief History of Materials.
The Industrial Revolution.
Structural Shifts in Metals Since the Industrial Revolution.
Industrialization of the Emerging Markets.
Chapter 3. Materials Sector Drivers.
Drivers at Work.
Case Study: Copper.
Part II. Next Steps: Materials Details.
Chapter 4. Materials Sector Breakdown.
Global Industry Classification Standard (GICS).
Global Materials Benchmarks.
Metals & Mining Industry.
Paper & Forest Products.
Containers & Packaging.
Chapter 5. Staying Current: Tracking Sector Fundamentals.
What to Watch.
Chapter 6. Case Study: The 2003 to 2007 Bull Market in Materials.
The Growth of Mergers and Acquisitions.
Part III. Thinking Like a Portfolio Manager.
Chapter 7. The Top-Down Method.
Investing Is a Science.
The Top-Down Method.
Managing Against a Materials Benchmark.
Chapter 8. Security Analysis.
Make Your Selection.
A Five-Step Process.
Important Questions to Ask.
Chapter 9. Materialize Your Portfolio: Investing Strategies.
Strategy 1: Adding Value at the Industry and Sub-industry Level.
Strategy 2: Adding Value at the Security Level.
Strategy 3: Adding Value in a Materials Sector Downturn.
Strategy 4: Investing In Commodities.
Appendix A: Materials Sector Resources.
Appendix B: Top 10 Materials Firms by Industry.
About the Authors.