{"product_id":"fisher-investments-on-consumer-discretionary-hardback-9780470527030","title":"Fisher Investments on Consumer Discretionary (Hardback) 9780470527030","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eFisher Investments on Consumer Discretionary\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cfont size=\"4\"\u003e (Author), Erik Renaud (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780470527030, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 16 July 2010\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e208 pages, Tables: 25 B\u0026amp;W, 0 Color\u003cbr\u003e23.1 x 15.8 x 1.9 cm, 0.386 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eThe \u003ci\u003eFisher Investments On\u003c\/i\u003e series is designed to provide individual investors, aspiring investment professionals, and students the tools necessary to understand and analyze investment opportunities—primarily for investing in global stocks. Each guide is an easily accessible primer to economic sectors, regions, or other components of the global stock market. While this guide specifically focuses on Consumer Discretionary, the basic investment methodology is applicable for analyzing any global sector, regardless of the current macroeconomic environment. \u003c\/p\u003e\n\u003cp\u003eFollowing a top-down approach to investing, \u003ci\u003eFisher Investments on Consumer Discretionary\u003c\/i\u003e can help you make more informed decisions within the Consumer Discretionary sector. It skillfully addresses how to determine the optimal times to invest in Consumer Discretionary stocks and which Consumer Discretionary industries and sub-industries have the potential to perform well in various environments. \u003c\/p\u003e\n\u003cp\u003e\u003cb\u003eDivided into three comprehensive parts—Getting Started, Consumer Discretionary Details, and Thinking Like a Portfolio Manager—\u003ci\u003eFisher Investments on Consumer Discretionary:\u003c\/i\u003e\u003c\/b\u003e \u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eExplains some of the sector’s key macro drivers—like consumer spending, income, and employment\u003c\/li\u003e \u003cli\u003eShows how to capitalize on a wide array of macro conditions and industry-specific features to help you form an opinion on each of the industries within the sector\u003c\/li\u003e \u003cli\u003eTakes you through the major components of the 12 sub-industries within the global Consumer Discretionary sector and reveals how they operate\u003c\/li\u003e \u003cli\u003eOffers investment strategies to help you determine when and how to overweight specific industries within the sector\u003c\/li\u003e \u003cli\u003eOutlines a five-step process to help differentiate firms in this field—designed to help you identify ones with the greatest probability of outperforming \u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003eFilled with in-depth insights and expert advice, \u003ci\u003eFisher Investments on Consumer Discretionary\u003c\/i\u003e 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 Consumer Discretionary sector and discover strategies to help achieve your investing goals.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eForeword ix\u003c\/p\u003e \u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I Getting Started in Consumer Discretionary 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Consumer Discretionary Basics 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eConsumer Discretionary 101 4\u003c\/p\u003e \u003cp\u003eGetting to Know the Consumer Discretionary Sector 13\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 The History of the Consumer Discretionary Sector 19\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Earliest American Consumers 20\u003c\/p\u003e \u003cp\u003eThe Birth of the Modern Consumer Discretionary Sector 23\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Consumer Discretionary Sector Drivers 35\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEconomic Drivers 36\u003c\/p\u003e \u003cp\u003ePolitical Drivers 49\u003c\/p\u003e \u003cp\u003eSentiment Drivers 54\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Next Steps: Consumer Discretionary Details 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Consumer Discretionary Sector Landscape 59\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGlobal Industry Classification Standard (GICS) 60\u003c\/p\u003e \u003cp\u003eGlobal Consumer Discretionary Benchmarks 61\u003c\/p\u003e \u003cp\u003eAutomobiles \u0026amp; Components Industry Group 66\u003c\/p\u003e \u003cp\u003eRetailing Industry Group 72\u003c\/p\u003e \u003cp\u003eMedia Industry Group 76\u003c\/p\u003e \u003cp\u003eConsumer Durables \u0026amp; Apparel Industry Group 81\u003c\/p\u003e \u003cp\u003eConsumer Services Industry Group 86\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Challenges in the Consumer Discretionary Sector 91\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChallenge 1: Growing Profits in Mature Markets 91\u003c\/p\u003e \u003cp\u003eChallenge 2: Managing Volatile Demand 101\u003c\/p\u003e \u003cp\u003eCase Study: Callaway Golf 106\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Household Debt—Myths and Opportunities 111\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHousehold Debt in Developed Markets—Basically a Very Useful Tool 112\u003c\/p\u003e \u003cp\u003eTremendous Opportunities in Emerging Markets 117\u003c\/p\u003e \u003cp\u003eCase Study: Brazil’s Credit-Driven Consumption Boom 118\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Thinking Like a Portfolio Manager 127\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 The Top-Down Method 129\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInvesting Is a Science 130\u003c\/p\u003e \u003cp\u003eEinstein’s Brain and the Stock Market 131\u003c\/p\u003e \u003cp\u003eThe Top-Down Method 132\u003c\/p\u003e \u003cp\u003eTop Down Deconstructed 138\u003c\/p\u003e \u003cp\u003eManaging Against a Consumer Discretionary Benchmark 145\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Security Analysis 151\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMake Your Selection 152\u003c\/p\u003e \u003cp\u003eA Five-Step Process 153\u003c\/p\u003e \u003cp\u003eImportant Questions to Ask 161\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Consumer Discretionary Investment Strategies 167\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStrategy 1: Adding Value at the Industry and Sub-Industry Level 168\u003c\/p\u003e \u003cp\u003eStrategy 2: Adding Value at the Security Level 174\u003c\/p\u003e \u003cp\u003eStrategy 3: Adding Value in a Consumer Discretionary Sector Downturn 174\u003c\/p\u003e \u003cp\u003eHow to Implement Your Strategy 176\u003c\/p\u003e \u003cp\u003eNotes 179\u003c\/p\u003e \u003cp\u003eAbout the Authors 183\u003c\/p\u003e \u003cp\u003eIndex 185\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52165905285400,"sku":"9780470527030","price":27.87,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9780470527030.jpg?v=1781101797","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/fisher-investments-on-consumer-discretionary-hardback-9780470527030","provider":"Freshly Printed Books","version":"1.0","type":"link"}