{"product_id":"fisher-investments-on-utilities-hardback-9780470642122","title":"Fisher Investments on Utilities (Hardback) 9780470642122","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eFisher Investments on Utilities\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), Theodore Gilliland (Author), Andrew S. Teufel (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780470642122, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 29 March 2011\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e240 pages, Tables: 40 B\u0026amp;W, 0 Color\u003cbr\u003e23.1 x 15.5 x 2.5 cm, 0.454 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\"\u003eThe \u003ci\u003eFisher Investments On\u003c\/i\u003e series is designed to provide individual investors, students, and aspiring investment professionals 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 is specifically on Utilities, the basic investment methodology is applicable for analyzing any global sector, regardless of the current macroeconomic environment.  \u003cp\u003eFollowing a top-down approach to investing, \u003ci\u003eFisher Investments on Utilities\u003c\/i\u003e can help you make more informed decisions within the Utilities sector. It skillfully addresses how to determine optimal times to invest in Utilities stocks and which Utilities industries have the potential to perform well in various environments.\u003c\/p\u003e \u003cp\u003eDivided into three comprehensive parts—Getting Started, Utilities Details, and Thinking Like a Portfolio Manager—\u003ci\u003eFisher Investments on Utilities\u003c\/i\u003e:\u003c\/p\u003e \u003cul type=\"disc\"\u003e \u003cli\u003eExplains some of the sector’s key macro drivers—like regulation, economic cycles, and investor sentiment\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 industries within the global Utilities 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 \u003c\/ul\u003e \u003cp\u003eFilled with in-depth insights, \u003ci\u003eFisher Investments on Utilities\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 Utilities 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 xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I Getting Started in Utilities 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Utilities Basics 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUtilities 101 4\u003c\/p\u003e \u003cp\u003eA Defensive Sector 5\u003c\/p\u003e \u003cp\u003eWhat Makes Utilities Defensive? 10\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 A Brief History of the Electric Utilities Industry 19\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEarly Development in the US (1882–1935) 20\u003c\/p\u003e \u003cp\u003eA Maturing Industry (1935–1978) 24\u003c\/p\u003e \u003cp\u003eMarket Liberalization and a New Set of Rules (1978–2009) 30\u003c\/p\u003e \u003cp\u003eAn Auspicious Start to the Twenty-First Century 36\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Next Steps: Utilities Details 39\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Utilities Sector Composition 41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGlobal Industry Classification Standards (GICS) 41\u003c\/p\u003e \u003cp\u003eGlobal Utilities Benchmarks 42\u003c\/p\u003e \u003cp\u003eWhy Don’t Utilities Have More Weight? 43\u003c\/p\u003e \u003cp\u003eBenchmark Differences 45\u003c\/p\u003e \u003cp\u003eBenchmark Changes 47\u003c\/p\u003e \u003cp\u003eSector Benchmarks 47\u003c\/p\u003e \u003cp\u003eIndustry Breakdown 49\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 The Electricity Business in Depth 59\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Consumer: Who Uses Electricity? 60\u003c\/p\u003e \u003cp\u003eThe Vertically Integrated Electric Utility 68\u003c\/p\u003e \u003cp\u003ePower Generation 74\u003c\/p\u003e \u003cp\u003eTransmission 93\u003c\/p\u003e \u003cp\u003eDistribution 97\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Utilities Sector Drivers 101\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEconomic Drivers 102\u003c\/p\u003e \u003cp\u003ePolitical Drivers 117\u003c\/p\u003e \u003cp\u003eSentiment Drivers 128\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Utilities Investing in a Resource-Conscious World 133\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEnergy Challenges 134\u003c\/p\u003e \u003cp\u003ePolicy Solutions 138\u003c\/p\u003e \u003cp\u003eTechnological Solutions 144\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Thinking Like a Portfolio Manager 155\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 The Top-Down Method 157\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInvesting Is a Science 157\u003c\/p\u003e \u003cp\u003eThe Top-Down Method 160\u003c\/p\u003e \u003cp\u003eTop-Down Deconstructed 166\u003c\/p\u003e \u003cp\u003eManaging Against a Utilities Benchmark 173\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Security Analysis Contents 177\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMake Your Selection 178\u003c\/p\u003e \u003cp\u003eA Five-Step Process 179\u003c\/p\u003e \u003cp\u003eUtilities Analysis 188\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Utilities Investing Strategies 195\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAdding Value at the Sector Level 196\u003c\/p\u003e \u003cp\u003eAdding Value at the Country or Industry Level 197\u003c\/p\u003e \u003cp\u003eAdding Value at the Security Level 199\u003c\/p\u003e \u003cp\u003eNotes 201\u003c\/p\u003e \u003cp\u003eAbout the Author 207\u003c\/p\u003e \u003cp\u003eIndex 209\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":52165805277464,"sku":"9780470642122","price":27.96,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9780470642122.jpg?v=1781100911","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/fisher-investments-on-utilities-hardback-9780470642122","provider":"Freshly Printed Books","version":"1.0","type":"link"}