Fisher Investments on Health Care is a comprehensive guide that provides valuable insights into investing in the international health care sector. Authored by Ken Fisher, a renowned GARP-investor, this book offers a detailed analysis of the macro drivers, defensiveness, and major components of the health care sector.
The book is divided into three parts, with the first two covering the specifics of the sector and the environment it operates in, making it accessible even to those without a medical background. The last part focuses on investing in the sector, presenting a combination of top-down and bottom-up analyses to guide investors in making informed decisions.
One of the key strengths of this book is its comprehensive coverage of the entire investment universe, offering a valuable alternative to sector-specific papers from investment banks. The language used is clear, and industry jargon is explained, making it suitable for both generalist portfolio managers and sector specialists.
However, a potential drawback of the book is that it is part of a series, and the content of the last third is almost identical across the books. This may lead to a sense of routine in the writing and analysis, particularly for those reading multiple books in the series.
Overall, Fisher Investments on Health Care is an excellent resource for investors looking to gain a deep understanding of the health care sector and make well-informed investment decisions. Its comprehensive approach, clear language, and detailed analysis make it a valuable addition to any investor’s library.