is a Health Care Research Analyst at Fisher Investments. He has a master of science degree in finance from Saint Xavier University and holds the CFA® and CFP® certifications.
Andrew S. Teufel has been with Fisher Investments since 1995, where he currently serves as a Vice Chairman. Prior to joining Fisher Investments, he worked at Bear Stearns as a corporate finance analyst in its Global Technology Group. Andrew also instructs at many seminars and educational workshops throughout the United States and United Kingdom, and has lectured at the Haas School of Business at UC Berkeley. He is also the Editor in Chief of MarketMinder.com. Andrew is a graduate of UC Berkeley.
Part I Getting Started in Health Care.
Chapter 1 Health Care Basics.
Health Care Basics.
Health Care Characteristics.
Chapter 2 The US Health Care System.
Why Does It Cost So Much?
Private Versus Public.
The Regulatory System.
US Health Care Reform.
Chapter 3 Brief Overview of Health Care Systems by Major Countries.
Chapter 4 Health Care Sector Drivers.
Defensive Nature of Health Care.
Innovation and Patent Expirations.
Part II Next Steps: Health Care Details.
Chapter 5 Health Care Sector Breakdown.
Global Industry Classification Standard.
Global Health Care Benchmarks.
Pharmaceuticals, Biotechnology & Life Sciences.
Health Care Equipment & Services Industry Group.
Health Care Providers & Services.
Health Care Facilities.
Health Care Services.
Managed Health Care.
Health Care Technology.
Chapter 6 Challenges in the Health Care Sector.
Slowing Growth in Mature Markets.
Legislation and Regulation.
Responding to Challenges.
Part III Thinking Like a Portfolio Manager.
Chapter 7 The Top-Down Method.
Investing Is a Science.
The Top-Down Method.
Managing Against a Health Care Benchmark.
Chapter 8 Security Analysis.
Make Your Selection.
A Five-Step Process.
Important Questions to Ask.
Chapter 9 Make Your Portfolio “Healthy”.
Strategy 1: Adding Value at the Industry and Sub-Industry Level.
Strategy 2: Adding Value at the Security Level.
Strategy 3: Adding Value in a Health Care Sector Downturn.
How to Implement Your Strategy.
Appendix Reference Material.
About the Authors.