Healthcare Investing: Profiting from the New World of Pharma, Biotech, and Health Care Services (McGraw-Hill Finance & Investing) (Hardcover)

~ Les Funtleyder (Author)
Key Phrases: new drug development, behavioral finance, emerging infectious diseases, Macro View, United States, Health-Care Investing (more...)

Editorial Reviews

Product Description

Is your portfolio in peak health?

Ranking among the world's largest markets, the $2.5 trillion health care industry is growing at an unprecedented rate. According to Miller Tabak + Co.'s health care strategist Les Funtleyder, major structural renovations to the system are imminent. “Health care is entering an era of reform,” Funtleyder writes, “and with reform comes change and the opportunity for investment gain.”

Health-Care Investing provides a thorough explanation of how the industry's mammoth size and complexity can be worked to your advantage and why health care is more resistant to changes in economic cycles than other markets. Funtleyder gives you a comprehensive overview of the industry, from both macro and micro points of view, so you can make informed decisions regarding your investments. You'll find critical information concerning

• The natural inelasticity of health care and how to profit from it
• How to take advantage of the market's complexities and inefficiencies
• Issues and policy changes you need to know
• The social responsibility aspect of investing in health care
• Why this market is essential for diversified portfolios

In Health-Care Investing, Funtleyder provides the tools you need to dig up the richest opportunities possible and build them into your investment strategy. You'll get a detailed look at traditional market patterns and the events that have shaped--and will continue to shape--the industry. Then you'll find specific strategies you can use to maximize your profits, whether you invest in pharma, biotech, managed services, or a combination of them. This informative and practical guide also includes a list of questions you can use as an investment “template,” which will help guide your decision-making process.

With Health Care Investing, you'll be armed with the know-how to make the right decisions today in order to fully capitalize on events of the future.

From the Back Cover

A prescription for profiting in a multitrillion-dollar industry

The health care market is huge, solid, and growing at the rate of inflation, which suggests above-average returns in the future. Due to its complex structure, it is prone to mispricings that savvy investors can clean up on. And because health care products are generally inelastic, the market is particularly suited to weather economic storms.

If you haven't fully explored your investment options in health care, now is the time to do so.

Health-Care Investing provides a complete overview of the market, giving you the perspective you need to make the right investing decisions the first time around. Divided into two parts, it offers macro views of events that have shaped the industry, along with key information about specific investment options you can use to build your strategy. Inside, you'll find everything you need to know, including

• Key players and market trends
• Emerging technologies and services
• Upcoming changes in domestic health care policies
• Global issues affecting the state of the industry
• Value and price drivers in each sector

This thorough and engaging guide contains a unique section listing 18 factors you can use to direct your investments for maximum profit.

From choosing the most suitable investment sector to picking the best stocks, you will find vast profits in the health care market if you have the most accurate, up-to-date information. Health Care Investing will ensure long-term health for your portfolio.

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Product Details

• Hardcover: 304 pages
• Publisher: McGraw-Hill; 1 edition (December 16, 2008)
• Language: English
• ISBN-10: 0071597484
• ISBN-13: 978-0071597487
• Product Dimensions: 9.1 x 6.1 x 1.1 inches
• Shipping Weight: 1.2 pounds (View shipping rates and policies)
• Average Customer Review: 4.4 out of 5 stars  See all reviews (5 customer reviews)
• Amazon.com Sales Rank: #303,699 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

5.0 out of 5 stars Incredibly insightful and intelligent - highly recommended, October 28, 2009

By	J. White "J W" (NY NY) - See all my reviews (REAL NAME)

This book is incredibly well written and insightful. The world of healthcare investing is extremely dynamic with all the political developments happening right now - many of the old books seem archaic. Funtleyder's take on the sector is the most recent so it seems like the only relevant book out there. I highly recommend this book to anyone looking to gain a fresh perspective on what's going on politically and how that will affect the healthcare sector as it pertains to investment. Funtleyder is also incredibly eloquent, so it's a pleasure to read!

5.0 out of 5 stars A must-have for any serious investor, novice or professional alike, August 18, 2009

By	James - See all my reviews

I first discovered this book while reviewing the CFA's website - clearly if they recommended it, the book must have it's merits. After reading this book, I'm convinced that it's a must-have for any serious investor. With all the impending health care legislation, the sector can be quite daunting - this book captures the big picture, and provides the reader with the necessary toolkit to make money in this environment.

I look forward to the author's next book.

5.0 out of 5 stars Must Read for Healthcare Investors, August 12, 2009

By	Mariusz Skonieczny "Author" (ClassicValueInvestors.blogspot.com) - See all my reviews (REAL NAME)

As President Obama is trying to reform health care, there is no better time to familiarize ourselves with investment opportunities in the health care sector. The uncertainty about the future of health care reform makes many investors stay away from this sector. But for the courageous ones, there is a tremendous opportunity to make money. In the end, demand for health care products and services keeps growing. The author does a great job describing to readers how the reform could create investment opportunities and in which subsector of the health care industry these opportunities exist. I highly recommend this book to anybody interested in investing in health care stocks.

- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market