Overview

"“Sir John’s ability to comprehend complex concepts and distill these into money-making ideas for his investors was legendary. With this book, Scott Phillips extends Sir John Templeton’s crystal clear vision to some of tomorrow’s most interesting and powerful money-making opportunities. All readers should be prepared to learn–and profit!” –Jeffrey Everett, Founding Partner, Everkey Global Partners   “The brilliant global investing strategy of Sir John Templeton finds new life in Scott Phillips’ Buying at the Point of Maximum Pessimism. With the U.S. in trouble, savvy international investing is a must, and this book shows you the best places to put your money for serious profits ahead.” –Christopher Ruddy, CEO, Newsmax Media, Inc.   “In Buying at the Point of Maximum Pessimism, Scott Phillips delivers a road map to investment success traveled by the very few but guaranteed to lead you to enormous profits. The book offers a delightful, common sense approach to investing that unfortunately is not so common.” –Robert P. Miles, author, The Warren Buffett CEO   ""If you want to mitigate your risks while leveraging your long-term sources for growth, read every page of this book and invest accordingly. In ten or twenty years you will look back and be thankful you did.”   –Theodore Roosevelt Malloch, Ph.D., Research Professor, Yale University and CEO, The Roosevelt Group   Value Investing for the 2010s! Earn Consistent Long-Term Profits in a Radically New Market Environment   Legendary value investor Sir John Templeton knew the secret of earning consistent profits: In times of maximum pessimism, recognize what your long-term opportunities are–and be ready to pounce. This book shows you where today’s long-term opportunities are, so you can earn outsized profits when the “herd” is running away in terror.   Lauren Templeton Capital Management’s Scott Phillips identifies six powerful value investing themes for the 2010s: areas of long-term growth that become even more compelling in volatile or bear markets. This is value investing for the 2010s: a set of emerging opportunities you can profit from, while other investors are selling in fear!"

Full Product Details

Author:   Scott Phillips ,  Lauren Templeton
Publisher:   Pearson Education (US)
Imprint:   Addison Wesley
Dimensions:   Width: 23.20cm , Height: 15.60cm , Length: 1.40cm
Weight:   0.400kg
ISBN:  

9780133517897

ISBN 10:   0133517896
Pages:   288
Publication Date:   09 October 2013
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Available To Order  
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Table of Contents

Foreword . . . xiii Acknowledgments . . . xv About the Author . . . xvi Introduction . . . 1 Chapter 1: The Fed Sentences the Consumer to Debtor’s Prison . . .7 An Economic Recovery Built on Borrowed Money . . . 8 The Fed’s Potion of Low Rates and Rising Home Prices Becomes an Economic Elixir . . . 14 A Chicken in Every Pot? Try a Hummer in Every Garage. . . 15 The Three Cs of Credit Give Way to Financial Innovation . . . 19 Chapter 2: The Biggest Gamblers Go “All In” on the Housing Bet . . .35 Trouble in Paradise . . . 37 The Canary Died Unheard from the Boardrooms, Yachts, and Golf Courses . . . 39 The Credit Bubble Draws in Every Last Bull . . . 46 Chapter 3: Financial Chaos . . . 53 The Crisis Moves from Subprime to Prime Time . . . 61 Chapter 4: Quis Custodiet Ipsos Custodes? . . . 71 An Alphabet Soup of Rescue Acronyms Will Save Us. . . 72 Strategy Number Two: Spend Our Way Out of a Spending Problem . . . 75 The Vestigial Effects of the Crisis Come into Focus . . . 79 The Visible Hand Is Coming into View, and It’s All Thumbs . . . 92 Chapter 5: A New Landscape for Investors . . . 101 Entrepreneurialism Is Thriving in Many Key Emerging Markets. . . . 105 Crisis Is an Opportunity for Those in a Position to Seize the Opportunity. . . 111 The New Landscape . . . 113 Chapter 6: China: Ready for Prime Time . . . 117 A Culture Well Suited for Capitalism. . . 119 Putting Those Rainy-Day Savings to Work in the Worst Storm of the Past Century . . . 122 Urbanization Is the Growth Engine . . . 126 The Path Toward Consumerism and the Domestic Economy. . . 128 Prime-Time Products . . . 135 Chapter 7: Proteins and Agribusiness: Billions and Billions to Be Served . . .141 Where’s the Beef (and Chicken and Pork, Too)? . . . 142 Eating Good in the Global Neighborhood . . . 146 Brazil Has the Competitive Advantages in Agribusiness. . . 152 Strong Fundamentals Across the Value Chain. . .161 Chapter 8: Formula for Success: Rise Early, Work Hard, Strike Oil . . .165 In the Long Term, Healthy Demand Meets Higher Cost Supply. . . 170 Market Distortions from the Fed’s Loose Credit and Easy Money . . . 179 Seeking Alternatives in the Hydrocarbon Space. . . 191 Chapter 9: An All-Too-Common Tragedy . . . 201 Human Behavior Is Timeless . . . 202 Strong Demand Underscores the Overexploitation . . . 206 A Tragedy Leads to an Opportunity . . . 210 Chapter 10: What Happens When 700 Million Students Want Extra Help?. . .217 Spending on Education Takes Precedence in Many Emerging-Market Households. . . 220 The Role of Technology and Innovation . . . 223 10 Million Students Applying for 6 Million Spots in College–No Pressure . . . 225 Continuing Education. . . 227 Financial Crisis Portends Continued Growth in the Emerging-Market Education Services. . . 230 Education Plays and Their Fundamental Dynamics . . . 234 Chapter 11: A Rare Opportunity . . . 241 Demand for Global Technology Remains Strong. . . 242 It’s Not Easy Being Green . . . 245 There Is Oil in the Middle East; There Are Rare Earths in China. . . 249 Index . . . 257

Reviews

As seen on CNBC Power Lunch and in U.S. News & World Report, TheStreet.com, and AOL Daily Finance  

As seen on CNBC Power Lunch and in U.S. News & World Report, TheStreet.com, and AOL Daily Finance

Author Information

Scott Phillips is a principal and portfolio manager at Lauren Templeton Capital Management, LLC, an alternative and traditional asset anagement firm that invests based on the principles of the legendary value investor Sir John Templeton. Before joining the firm, he served as research analyst and consultant to Green Cay Asset Management, where he was lead research analyst on the Siebels Hard Asset Fund, a long/short equity hedge fund focused on hard assets and commodities. With Lauren C. Templeton, he coauthored Investing the Templeton Way. He currently writes the globally distributed quarterly newsletter, The Maximum Pessimism Report.

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