{"product_id":"fisher-investments-on-health-care-isbn-9780470527054","title":"Fisher Investments on Health Care","description":"T\u003ci\u003ehe Fisher 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.  \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 Health\u003c\/p\u003e \u003cp\u003eCare, 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 Heath Care\u003c\/i\u003e can help you make more informed decisions within the Health Care sector. It skillfully addresses how to determine optimal times to invest in Health Care stocks and which Health Care industries have the potential to perform well in various environments.\u003c\/p\u003e \u003cul type=\"disc\"\u003e \u003cli\u003eExplains some of the sector’s key macro drivers—like its defensive characteristics, 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 Health Care 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 Health Care\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 Health Care sector and discover strategies to help achieve your investing goals.\u003c\/p\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 Health Care 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Health Care Basics 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHealth Care Basics 5\u003c\/p\u003e \u003cp\u003eHealth Care Characteristics 7\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 The US Health Care System 19\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Does It Cost So Much? 20\u003c\/p\u003e \u003cp\u003ePrivate Versus Public 25\u003c\/p\u003e \u003cp\u003eThe Regulatory System 30\u003c\/p\u003e \u003cp\u003eUS Health Care Reform 33\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Brief Overview of Health Care Systems by Major Countries 37\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eJapan 38\u003c\/p\u003e \u003cp\u003eGermany 42\u003c\/p\u003e \u003cp\u003eFrance 45\u003c\/p\u003e \u003cp\u003eUnited Kingdom 48\u003c\/p\u003e \u003cp\u003eChina 52\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Health Care Sector Drivers 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefensive Nature of Health Care 58\u003c\/p\u003e \u003cp\u003eInnovation and Patent Expirations 61\u003c\/p\u003e \u003cp\u003ePolitical\/Regulatory Developments 63\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Next Steps: Health Care Details 67\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Health Care Sector Breakdown 69\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGlobal Industry Classification Standard 70\u003c\/p\u003e \u003cp\u003eGlobal Health Care Benchmarks 71\u003c\/p\u003e \u003cp\u003ePharmaceuticals, Biotechnology \u0026amp; Life Sciences 74\u003c\/p\u003e \u003cp\u003eHealth Care Equipment \u0026amp; Services Industry Group 90\u003c\/p\u003e \u003cp\u003eHealth Care Providers \u0026amp; Services 97\u003c\/p\u003e \u003cp\u003eHealth Care Facilities 98\u003c\/p\u003e \u003cp\u003eHealth Care Services 99\u003c\/p\u003e \u003cp\u003eManaged Health Care 102\u003c\/p\u003e \u003cp\u003eHealth Care Technology 106\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Challenges in the Health Care Sector 111\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSlowing Growth in Mature Markets 112\u003c\/p\u003e \u003cp\u003eLegislation and Regulation 115\u003c\/p\u003e \u003cp\u003eResponding to Challenges 119\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 129\u003c\/p\u003e \u003cp\u003eThe Top-Down Method 132\u003c\/p\u003e \u003cp\u003eTop-Down Deconstructed 138\u003c\/p\u003e \u003cp\u003eManaging Against a Health Care 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 Make Your Portfolio “Healthy” 169\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStrategy 1: Adding Value at the Industry and Sub-Industry Level 170\u003c\/p\u003e \u003cp\u003eStrategy 2: Adding Value at the Security Level 176\u003c\/p\u003e \u003cp\u003eStrategy 3: Adding Value in a Health Care Sector Downturn 176\u003c\/p\u003e \u003cp\u003eHow to Implement Your Strategy 177\u003c\/p\u003e \u003cp\u003eAppendix Reference Material 181\u003c\/p\u003e \u003cp\u003eNotes 187\u003c\/p\u003e \u003cp\u003eAbout the Authors 193\u003c\/p\u003e \u003cp\u003eIndex 195\u003c\/p\u003e \u003cp\u003e\u003cb\u003eMICHAEL KELLY\u003c\/b\u003e is a Health Care Research Analyst at Fisher Investments. He has a master of science degree in finance from Saint Xavier University and holds the CFA\u003csup\u003e®\u003c\/sup\u003e and CFP\u003csup\u003e®\u003c\/sup\u003e certifications.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eANDREW S. TEUFEL\u003c\/b\u003e has been with Fisher Investments since 1995, where he currently serves as a Vice Chairman. Prior to joining Fisher Investments, he worked at Bear Stearns as a corporate finance analyst in its Global Technology Group. Andrew also instructs at many seminars and educational workshops throughout the United States and United Kingdom, and has lectured at the Haas School of Business at UC Berkeley. He is also the Editor in Chief of MarketMinder.com. Andrew is a graduate of UC Berkeley.  \u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe Fisher 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.\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 Health Care, 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 Heath Care\u003c\/i\u003e can help you make more informed decisions within the Health Care sector. It skillfully addresses how to determine optimal times to invest in Health Care stocks and which Health Care industries have the potential to perform well in various environments. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eDivided into three comprehensive parts—Getting Started, Health Care Details, and Thinking Like a Portfolio Manager—\u003ci\u003eFisher Investments on Health Care\u003c\/i\u003e:\u003c\/b\u003e \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eExplains some of the sector’s key macro drivers—like its defensive characteristics, 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 Health Care 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, \u003ci\u003eFisher Investments on Health Care\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 Health Care sector and discover strategies to help achieve your investing goals.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989217493221,"sku":"NP9780470527054","price":52.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470527054.jpg?v=1761783247","url":"https:\/\/k12savings.com\/products\/fisher-investments-on-health-care-isbn-9780470527054","provider":"K12savings","version":"1.0","type":"link"}