1st Edition
Anatomy of a Stock A Guide to Fundamental Equity Analysis for Aspiring Investors
Introduction. Part I: The Argument for Fundamental Research 1. Why Fundamental Equity Research Matters 2. The Graham School of Fundamental Research Part II: The Investment Process 3. Market Cycles: Boom, Bust, & Bubbles 4. Find Your Calling 5. The Anatomy of a Stock 6. Building a Basic Understanding of a Stock 7. Five Factor Analysis 8. Art of Valuation 9. Putting It All Together to Make a Decision 10. Modern Portfolio Theory. Appendices: Appendix I: 30 Golden Rules of Investing. Appendix II: Mastercard Case Study. Appendix III: FinTech Industry Report (April 2021). Appendix IV: Equations (Financial Tool Set). Appendix V: Examples (Analyst Workshop). Appendix VI: Valuation Methods in Detail. Bibliography
Biography
Joseph D. Foresi is a finance professional with over two decades of experience. He was ranked the #1 analyst of the decade in 2020 based on stock picking performance out of thousands of analysts. He graduated magna cum laude from the University of Massachusetts, Amherst, and holds an MBA from Northeastern University and a doctoral degree from the University of Rhode Island.
“Joseph Foresi's book is likely to produce future investment legends like those referenced within its pages. If I could turn back time, I would prioritize reading and re-reading this book and then implementing its Five Factor Analysis on as many companies as I could. This book is certain to produce outstanding stock pickers in the years ahead that know how to select one career defining stock after another. It is the perfect book for aspiring investors and the CIO's, Directors of Research, and Professors who are looking to train them.”
Colin Williams, retired investment analyst, mutual fund manager and partner at William Blair, UAS
“Joseph Foresi has written a clear, useful guide to fundamental analysis, the cornerstone of business evaluation. Investors in publicly traded stocks, private equity, private debt, and venture capital can all use this book to help them make better decisions.”
Ann C. Logue, CFA, author of Hedge Funds for Dummies"This book focuses on a key foundation in equity markets – what ultimately drives valuation of a stock, which is critical for all investors. Joseph’s work experience in equity analysis coupled with the clear writing provides a knowledgeable and easy-to-understand explanation of the topic. This book will help readers gain fundamental insights into their investment decisions.”
Dave Kale, professor, University of Rhode Island, USA
