Finding the Hot Spots: 10 Strategies for Global Investing 1st Edition

8 customer reviews
ISBN-13: 978-0471773771
ISBN-10: 0471773778
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Editorial Reviews


"In this handy little book, Riedel gives you numerous ways to dream up and organize global stock ideas and investment themes."--Barron's, 12/4/06

From the Inside Flap

Global investing is a necessity for the twenty-first century. Not only does it provide diversification and opportunity for profits, but it also helps protect some of your hard-earned dollars.

In Finding the Hot Spots, author and professional equity research analyst David Riedel clearly illustrates how to identify and invest in non-U.S. companies—all with less difficulty and risk than you may have previously thought. By distilling the investment knowledge gained during his long journey throughout different foreign markets, Riedel shows you how certain tools and strategies can help you succeed when dealing with international equities.

This accessible guide opens with a detailed discussion of how international investing can help your portfolio keep up with the rapid pace of globalization. Here is where the risks and rewards of this approach are explained, and where the myths are debunked. Finding the Hot Spots moves on to examine the numerous ways in which you can invest in international companies through U.S. markets: from direct listings, where the foreign company simply trades on the New York Stock Exchange (NYSE), the American Stock Exchange (AMEX), or the NASDAQ; to Depository Receipts (ADRs) and trading unlisted securities over the counter (OTC). With this information in hand, you'll be introduced to the strategies every investor should use when creating a portfolio of international stocks. topics covered include:

  • The benefits of diversifying by country, region, and industry
  • Understanding the relative position of countries and companies
  • The importance of investing in line with government preferences, policies, and priorities
  • Knowing when a market has already gone up too much
  • Why it's essential to be familiar with who the shareholders of a company are
  • How currency fluctuations impact stock performance

By applying these and other lessons found throughout the book, you'll be able to find attractive foreign investment opportunities that are reasonably valued.

Engaging and accessible, Finding the Hot Spots provides you with the knowledge and confidence to enter international markets—from Brazil to China—and reveals the proven strategies and methods you can use to turn today's often threatening economic climate into personal investment success.

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Product Details

  • Hardcover: 224 pages
  • Publisher: Wiley; 1 edition (August 25, 2006)
  • Language: English
  • ISBN-10: 0471773778
  • ISBN-13: 978-0471773771
  • Product Dimensions: 6.2 x 0.9 x 9.4 inches
  • Shipping Weight: 13.6 ounces (View shipping rates and policies)
  • Average Customer Review: 3.9 out of 5 stars  See all reviews (8 customer reviews)
  • Amazon Best Sellers Rank: #4,607,373 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

29 of 34 people found the following review helpful By D. Pugh on October 22, 2006
Format: Hardcover Verified Purchase
This book is a joke. It is in large print on small pages. Of the 199 pages, 54 are either blank pages between chapters or reproductions of Reuters Finance pages on companies that can be found free on the internet. And the ones on the internet won't be outdated like the ones in the book will be in a few months.

The author uses the stock pages as filler to pad his book. He makes it clear that he's not recommending anything and he doesn't say anything substantive about any of the company names he throws around. The content that is in the book is mostly worthless homilies and rambling on miscellaneous investment themes and stocks that are in less depth than what you'd hear at a cocktail party.

I can't recall ever buying a book which so obviously involved so little effort by an author. I literally flipped through the whole book in 30 minutes. Mr. Riedel should be ashamed. Wiley Finance, which generally has reasonably high standards, should be embarrassed for publishing this slapped together drivel. I feel like I was robbed and hate to give the book one star, but that's as low as Amazon's rating scale allows. Don't waste your money.
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15 of 17 people found the following review helpful By Algernon Cauruthers on October 11, 2006
Format: Hardcover Verified Purchase
says mutual funds are not the best way to invest internationally. fine. but the top and only reason he gives is that funds have fees and never beat the market, then says you're better off picking stocks because it is more fun... implying stock pickers get the same market results only with no fees. great. thanks for the advice to only pick stocks that do good. i skimmed the rest. not a serious book on investing.
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Format: Hardcover
I just finished a new book about investing. Penned by a famed money manager, it tackled investing indirectly. But the message behind the book was simply this - investors need to look abroad.

Finding the Hot Spots is the title of David Riedel's new book. A former Salomon Smith Barney farmhand, Riedel now heads up his own independent research firm.

Riedel opens his book with several myth-slaying pages. To the charge that investing overseas is too risky, Riedel turns the microscope on U.S. markets. "Remember Enron and WorldCom?" Corporate mischief and thievery pepper American companies as well.

Investors also have a way of looking down at foreign firms because they believe the information they are getting is not reliable. Again, Riedel points out that unreliability is not unique to overseas markets. It's not as if we are talking about malaria or polio. In my personal experience, the disclosures can sometimes be even more thorough overseas than at home. Foreign firms know they have an extra hurdle to clear.

Further, let's not forget that the basic idea of investing is to make some money. Riedel writes, "Nobody would tell ever tell you that you should not buy stocks from the beacon of American business like IBM, Coca-Cola, Disney, Time Warner, Blockbuster, Microsoft or Sears." Yet a three-year investment in about half of these examples would have left investors with less money than they started with.

But the most interesting aspect of Riedel's book is the numerous profiles of foreign firms. Many of these are companies you've never heard of before. And they trade on U.S. exchanges. Riedel discusses China Yuchai, for example, which makes diesel fuel engines. Another interesting China play is Bodisen Biotech.
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2 of 3 people found the following review helpful By Andrew Black on September 5, 2006
Format: Hardcover
This is a great navigational tool for the globe. As a serious personal investor I am perpetually looking for insightful books and tools which can clearly outline how to take advantage of complex but important ways to add value to my portfolio. This book on global investing was a great way to demystify the global marketplace and make it seem conquerable - which nowadays as an investor is not an option to miss.

A. Black, London/NYC
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