Buch, Englisch, 224 Seiten, Format (B × H): 155 mm x 235 mm, Gewicht: 492 g
ISBN: 978-0-470-45237-0
Verlag: Wiley
This reliable guide skillfully addresses how to determine optimal times to invest in Technology stocks, and which industries and sub-industries have the potential to perform well in various environments. The global Technology sector is complex, including a variety of sub-industries and countries—each with their own unique characteristics. Using the framework found here, you'll discover how to identify these differences, spot opportunities, and avoid major pitfalls.
Fisher Investments on Technology:
- Discusses industry fundamentals, drivers, attributes, and potential challenges
- Addresses the challenges unique to Technology and some common pitfalls to avoid.
- Delves into top-down investment methodology as well as individual security analysis.
- Outlines a five-step process to help differentiate Technology firms—designed to help you identify ones that may have greatest probability of outperforming
- Provides investment strategies for a variety of market environments
Filled with in-depth insights and expert advice, Fisher Investments on Technology provides a framework for understanding this sector and its industries to help you make better investment decisions—now and in the future. With this book as your guide, you can gain a global perspective of the Technology sector and discover strategies to help achieve your investing goals.
Autoren/Hrsg.
Fachgebiete
Weitere Infos & Material
Foreword ix
Preface xi
Acknowledgments xv
Part I Getting Started in Technology 1
Chapter 1 Technology Basics 3
More Than Gadgets A Means 4
Technology 101 7
Starting Small: Semiconductors 7
Getting Larger: Products and Components 12
Making It All Work: Software and Services 20
Chapter 2 A Brief History of Modern Technology 25
The Snowball Event: History of Semiconductors 26
History of Computers 31
History of Communications 35
History of the Internet 37
Chapter 3 Technology Sector Drivers 43
Economic Drivers 43
Political Drivers 57
Sentiment Drivers 61
Part II Next Steps: Technology Details 67
Chapter 4 Technology Sector Breakdown 69
Global Industry Classification Standard (GICS) 69
Global Technology Benchmarks 71
Technology Industry Breakdown 75
Chapter 5 Challenges in the Information Technology Sector 99
Product Maturity and Obsolescence 99
Fighting Maturity and Obsolescence 101
Extreme Fluctuations in Supply and Demand 110
Intellectual Property Threats 113
Chapter 6 A Deeper Look at Current and Emerging Technologies 117
Semiconductor Production Process 118
Emerging Manufacturing Technologies 122
Computer Technology 124
Part III Thinking Like a Portfolio Manager 131
Chapter 7 The Top-Down Method 133
Investing Is a Science 133
Einstein’s Brain and the Stock Market 134
The Top-Down Method 136
Top-Down Deconstructed 141
Managing Against a Technology Benchmark 149
Chapter 8 Security Analysis 155
Make Your Selection 156
A Five-Step Process 157
Important Questions to Ask 165
Chapter 9 Upgrading Your Portfolio—Investing Strategies 175
Strategy 1: Adding Value at the Sector Level 176
Strategy 2: Adding Value at the Industry Level 178
Strategy 3: Adding Value at the Security Level 183
Strategy 4: Adding Value in a Technology Sector Downturn 184
Strategy 5: Venture Capital 185
Good Luck! 186
Glossary 187
Notes 194
About the Authors 201
Index 202
