Hey guys,
I will be starting at a buyside shop as a RA this fall. Previously I was in banking internships, so ER and the sectors I will be covering are largely new to me.
Does anyone have any great recommendations on site/books in which to get really in depth coverage on a particular industry? I'd like to learn as much as I can about the industries I will be covering before I start so that the majority of my initial learning will be technical vs. industry-related. Using Google I have found some primers which are OK but aren't very detailed.
I will be covering Utilities and Basic Materials if that helps at all. I apologize if this exists somewhere already; I did a search and didn't get the results I was hoping for.
Thanks!
Ken Fisher has written industry guides for all sectors. For materials, http://www.amazon.com/Fisher-Investments-Materials/dp/0470285443
There is always the S&P industry surveys.
Looks great. I'll definitely check these out. Anything else out there in the universe I should be aware of?
May check out this as well: http://student.chicagobooth.edu/group/img/reading_list_6.htm
The old paine webber handbook is useful for industry specific metrics and what to look for.
Ask someone at the fund to reach out to sell side analysts for relevant primers/key company initations
I've gotten some pretty good industry outlooks by reading a years or so worth of earnings calls from 5-6 companies in whatever field I'm trying to learn about.
Industry Books (Originally Posted: 11/06/2012)
Hey guys, I was looking into learning some of the old markets and was wondering if you guys had any books recommendations where I can understand the industry economics. The industries i was interested currently are: -Energy: oil, natural gas, coal -Financials: credit card related, banks -Autos and autos related -Retail -Media -Consulting -Iron, Copper, Steel, etc.
So ya pretty much almost any industry. Thanks.
trying search for industry primers in google.
for example, if your interested in income producing securities, google something like 'industry primer income securities' and this link pops up:
https://www.wellsfargoresearch.com/Public/TRACS/TRACS%2015%20Income%20S…
try adding the name of a bank at the end of your search
Oil 101
Thanks. I'll start off with those suggestions first, I already got a stack of books to go through to figure out strategies to hedge.
Industry Specific Books (Originally Posted: 11/18/2014)
As the investing legends always talk about investing within your circle of competence, I was curious as to industry specific books to help in expanding one's circle of competence. As an example, for the mining industry reading Economic Evaluations in Explorations.
the way I learn about industries is through initiation reports and 10Ks. also companies will issue periodic updates on certain industries that won't be books but will be like 50-100 pages, if you work at a BB these shouldn't be hard to find. beyond that, paine webber has a manual out there for specific industries that was published in the 70s or 80s. a lot of the detail isn't current but it should give you a good indication of how that industry works.
If I were starting fresh again, I'd start with 10Ks, companies describe their business, risks, things to consider, and you should get a general picture of how that works. then read the 10Ks of their competitors, note the differences. after that, read those company reports, primers, initiations of coverage, etc.
Great advice. Can only echo the above. 10Ks are normally an excellent starting point.
Great advice. Can only echo the above. 10Ks are normally an excellent starting point.
All good advice, I've been reading 10-k's and I guess I just need to pick an industry and study it for a while. I jump around from one company in one industry to another, and I guess I just need to focus. Outside of picking an industry you can understand and enjoy learning about, do you do a quick top down approach, before really diving in to see if it is viable going forward?
Not to highjack OP, but is there a good place to find industry primers?
use the search function, plenty out there
Best Industry Group "Guides" & Bank Industry-Reputations (Originally Posted: 11/12/2017)
What are the best resources to learn about the different investment banking industry areas? The purpose here is get a sufficient understanding to speak intelligently during the course of networking and/or interviews.
Which banks are known for which industry groups? For example, Credit Suisse for FIG, etc. Bonus points for Barclays (I'm particularly interested in this one).
Hi stay thirsty my friends, check out these threads:
More suggestions...
If those topics were completely useless, don't blame me, blame my programmers...
Need readings for specific industries (Originally Posted: 05/23/2013)
so i just got (hopefully) the hang of all the financial statement analysis-evaluation-earnings manipulation thing but still i find myself poorly geared to face stock evaluations for a simple reason: i lack specific industry knowledge. how can i get that besides surfing the internet?
are there some books and/or reading which could help me better understand some industries and maybe provide some unconventional metrics?
for instance i found this http://www.Amazon.com/Biotech-Investors-Bible-George-Wolff/dp/0471412791 as for the biotech sector and it was helpful. could you give some advice on something similar for the consumer-retail and the hardware (to get to know Intel, AMD, Dell, Qualcomm more closely) sector?
thanks a lot in advance!
investopeida has good info on manipulative accounting.
well i understand the known red flags and the degree of manipulation to which some of the parts of the balance sheet/income statement/cash flow are subject. that's not what i am looking for. basically i am looking for specific industry knowledge, like Primers on the "hardware sector" and stuff like that.
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