{"product_id":"fisher-investments-on-financials-isbn-9780470527061","title":"Fisher Investments on Financials","description":"\u003cb\u003eThe easy-to-use resource for anyone looking to learn more about the financial sector and how to make the most of it\u003c\/b\u003e  \u003cp\u003e\u003ci\u003eThe Fisher Investments On\u003c\/i\u003e series is designed to provide individual investors, students, and aspiring investment professionals with 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 Financials, the basic investment methodology is applicable for analyzing any global sector, regardless of the current macroeconomic environment.\u003c\/p\u003e \u003cp\u003eFollowing a top-down approach to investing, \u003ci\u003eFisher Investments on Financials\u003c\/i\u003e can help you make more informed decisions within the Financials sector. It skillfully addresses how to determine optimal times to invest in Financials stocks and which Financials industries have the potential to perform well in various environments. The book is divided into three comprehensive parts—Getting Started, Financials Details, and Thinking Like a Portfolio Manager.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eExplains some of the sector's key macro drivers—like regulation, interest rates, and credit trends\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 Financials 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 those with the greatest probability of outperforming\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eFilled with in-depth insights, \u003ci\u003eFisher Investments on Financials\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 Financials sector and discover strategies to help achieve your investing goals.\u003c\/p\u003e \u003cp\u003eForeword ix\u003c\/p\u003e \u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I Introduction 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 \u003c\/b\u003e\u003cb\u003eFinancials Basics 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinancials 101 4\u003c\/p\u003e \u003cp\u003eFinancials Sector Breakdown 23\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Industry Group Details 31\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 \u003c\/b\u003e\u003cb\u003eBanks 33\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBanks 101 34\u003c\/p\u003e \u003cp\u003eTypes of Banks 45\u003c\/p\u003e \u003cp\u003eBanks Industry Group Characteristics 48\u003c\/p\u003e \u003cp\u003eBank Regulation 53\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 \u003c\/b\u003e\u003cb\u003eDiversified Financials 63\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCapital Markets 64\u003c\/p\u003e \u003cp\u003eConsumer Finance 76\u003c\/p\u003e \u003cp\u003eDiversified Financial Services 80\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 \u003c\/b\u003e\u003cb\u003eInsurance Industry Group 83\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCharacteristics of Insurers 84\u003c\/p\u003e \u003cp\u003eHow Do Insurance Companies Make Money? 89\u003c\/p\u003e \u003cp\u003eHow Do Insurance Companies Act? 94\u003c\/p\u003e \u003cp\u003eRegulation 98\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 \u003c\/b\u003e\u003cb\u003eReal Estate Industry Group 103\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is a REIT? 105\u003c\/p\u003e \u003cp\u003eREIT Characteristics 108\u003c\/p\u003e \u003cp\u003eA Representative Example: Annaly Capital Management 112\u003c\/p\u003e \u003cp\u003eEquity REIT Sub-Industries 115\u003c\/p\u003e \u003cp\u003eUnique Measurements for REITs 118\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Thinking Like a Portfolio Manager 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 \u003c\/b\u003e\u003cb\u003eThe Top-Down Method 123\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInvesting Is a Science 123\u003c\/p\u003e \u003cp\u003eThe Top-Down Method 126\u003c\/p\u003e \u003cp\u003eTop-Down Deconstructed 131\u003c\/p\u003e \u003cp\u003eManaging Against a Financials Benchmark 139\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 \u003c\/b\u003e\u003cb\u003eSecurity Analysis 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMake Your Selection 144\u003c\/p\u003e \u003cp\u003eA Five-Step Process 145\u003c\/p\u003e \u003cp\u003eFinancials Analysis 153\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 \u003c\/b\u003e\u003cb\u003eFinancials Investing Strategies 159\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAdding Value at the Sector Level 160\u003c\/p\u003e \u003cp\u003eAdding Value at the Country or Industry Level 161\u003c\/p\u003e \u003cp\u003eAdding Value at the Security Level 162\u003c\/p\u003e \u003cp\u003eAppendix A: Reference Material 165\u003c\/p\u003e \u003cp\u003eAppendix B: Derivatives 171\u003c\/p\u003e \u003cp\u003eAppendix C: Risk-Adjusted Balance Sheet 175\u003c\/p\u003e \u003cp\u003eNotes 179\u003c\/p\u003e \u003cp\u003eAbout the Author 185\u003c\/p\u003e \u003cp\u003eIndex 187\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eJARRED J. KRIZ\u003c\/b\u003e has been in the financial ser-vices industry since 1997, with experience in the banking, investment banking, brokerage, and asset management fields. He regularly presents to audiences at investing workshops across the country and currently works as a Senior Capital Markets Research Analyst at Fisher Investments with a focus on the Financials sector and macroeconomic strategy.    \u003c\/p\u003e\u003cp\u003eThe Fisher Investments On series is designed to provide individual investors, students, and aspiring investment professionals with the tools necessary to understand and analyze investment opportunities—primarily for investing in global stocks. \u003c\/p\u003e\u003cp\u003eEach guide is an easily accessible primer to economic sectors, regions, or other components of the global stock market. While this guide is specifically on Financials, the basic investment methodology is applicable for analyzing any global sector, regardless of the current macroeconomic environment. \u003c\/p\u003e\u003cp\u003eFollowing a top-down approach to investing, Fisher Investments on Financials can help you make more informed decisions within the Financials sector. It skillfully addresses how to determine optimal times to invest in stocks and which industries have the potential to perform well in various environments. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eDivided into three comprehensive parts—Getting Started, Financials Details, and Thinking Like a Portfolio Manager—\u003c\/b\u003eFisher Investments on Financials\u003cb\u003e:\u003c\/b\u003e \u003c\/p\u003e\u003cul\u003e \u003cli\u003eExplains some of the sector's key macro drivers—like regulation, interest rates, and credit trends\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 Financials 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 those with the greatest probability of outperforming\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eFilled with in-depth insights, Fisher Investments on Financials 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 on the Financials sector and discover strategies to help achieve your investing goals.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989217362149,"sku":"NP9780470527061","price":63.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470527061.jpg?v=1761783247","url":"https:\/\/k12savings.com\/products\/fisher-investments-on-financials-isbn-9780470527061","provider":"K12savings","version":"1.0","type":"link"}