@Read Book ⚤ Fisher Investments on Technology ⚶ eBook or Kindle ePUB free

@Read Book Ø Fisher Investments on Technology î The sixth installment of the Fisher Investments On series is a comprehensive guide to understanding and analyzing investment opportunities within the Technology sector Fisher Investments on Technology can help you quickly become familiar with this highly diversified sector, how the sector is segmented by industries, their respective macroeconomic drivers, and the challenges facing Technology firms 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 The ever changing technology sector is tricky to cover in a text with long duration like a book The authors, at the time employees at California based Fisher Investments, handle the reasonably task well Today s trendy topics such as Social, Big Data and Mobile aren t covered as they would be today but the trends of so called Software As a Service and cloud based services are commendably described The book is one out of ten sector investment primers published as Fisher Investments on The The ever changing technology sector is tricky to cover in a text with long duration like a book The authors, at the time employees at California based Fisher Investments, handle the reasonably task well Today s trendy topics such as Social, Big Data and Mobile aren t covered as they would be today but the trends of so called Software As a Service and cloud based services are commendably described The book is one out of ten sector investment primers published as Fisher Investments on The series also includes a book on emerging markets and they all use the same structure and partly also the same texts.The book has three parts where the first gives an introduction and a historical background to the technology sector plus it discusses the drivers of tech companies profits and their shares The second part digs intodetails and describes the segments of the MSCI World technology index The last part that isor less the same for all the books in the series covers their so called Top Down Method of building a portfolio The method is to underweight or overweight regions, countries, sectors, investment characteristics and individual securities according to the investor s view of the business cycle, company profits etc in relation to the consensus view of the same I would argue that this is a tricky method to use for investors but I will not dwell on the topic.I rather like the quite philosophical description of technology as a means to fulfil a purpose , capturing natural phenomena and putting them to use Technology is an efficiency tool allowing the user to do something faster, simpler, cheaper, on less space,connected,structured etc Even though it s not entirely obvious why different parts of the text have ended up in part one or two, the book further provides a good basic description of semiconductors and of hardware products such as PCs and servers I also enjoyed revisiting the very early history of the Internet including the ARPANET, the development of TCP IP and the World Wide Web The boom bust character of the sector with the short product life cycles is further described in a good way.The main shortfall of the book is its huge sub sector bias Broadly the technology sector includes 1 Internet Software and Services, 2 IT Services, 3 Software, 4 Communications Equipment, 5 Computers and Peripherals plus 6 Semiconductors and Semiconductor Equipment Despite constituting perhaps 30 per cent of the market capitalization of the sector, the last two and especially semiconductors get 75 of the allocated space IT services is covered on a measly three half pages plus a few bullets in a checklist.Even software, that I would argue is the most important part of the technology sector as it s the part that has captured an increasing part of the sector s value add, gets relatively little coverage I would also argue that the description of the semiconductor sector is somewhat US centric and that for example the crucial role of ASML within lithography definitely deservesrecognition In my view these gaps leave the purpose of the book unfulfilled.The first two thirds of Fisher Investments on Technology is a perfectly okay primer of half the technology sector and the last third is a replay of an investment strategy that has worked great for superstar investor Ken Fisher but that I personally wouldn t use good sheet just like the outdated ipod u got as a present 2 years ago.