May 1, 2020
This book is strictly for prospective and professional investors. This go-to title advises investors on the strengths and weaknesses of companies in light of climate change. It covers key industries so that an investor can determine which industry is best to invest in. Although the author focuses more on U.S. stock there are also some recommendations on the international scale. The intent of this work is to not only show how companies fear global warming with traditional industries feeling the brunt, but to also explain how new markets can prosper in a warming world. This is also supported by various statistics that an investor can apply in the decision-making process. VERDICT This investor's handbook can also be used by business students looking at the effects of climate change on industries. However, the work could have benefited from more research on the international level and a broader view on the impact of climate change on global industries. For fans of Timothy Vick's How To Pick Stocks Like Warren Buffett: Profiting from the Bargain Hunting Strategies of the World's Greatest Value Investor.--Adesh Rampat, Miami
Copyright 2020 Library Journal, LLC Used with permission.
July 1, 2020
A move away from fossil fuels to renewable resources and pollution are examples of how effects of climate change impact the stock market. Ellman, a former hedge fund manager and field examiner for the Federal Reserve Bank of New York, provides guidance on which stocks are poised to thrive and which to avoid over the next two decades. He begins his book with a brief scientific overview of environmental changes, setting the tone for the chapters that follow, which cover topics like renewable energy, hydrocarbons, finance, infrastructure (and natural disasters), transportation. His research shows how climate changes will strengthen or weaken stock sectors such as automakers, property insurance, petroleum, manufacturers, and more. Ellman also provides a global look at nations whose economies will be most and least impacted by rising temperatures. Readers new to the stock market will find this book easy to read and understand and will appreciate the investing perspective. Seasoned investors will find this guide insightful if they are thinking of adjusting their portfolios in relation to climate change.(Reprinted with permission of Booklist, copyright 2020, American Library Association.)