Industry Analysis

Before making an investment in any individual company it makes sense to look at the industry as a whole. Even if the company in question is the best company in that industry, if prevailing conditions are bad for that industry it's unrealistic to expect success. Betting against the wind is always a dicey proposition.

These links can help you make wise decisions about which industries to investigate. Bear in mind however that a booming industry doesn't always mean a successful company. Mismanagement, over extension and many other pitfalls await incautious investors. This is why industry analysis is one of the most important steps in making any investment.