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In this video, I will discuss, define and explain the Global Industry Classification Standard (GICS). The system assigns listed Companies to a Sector and Industry classification. What are the four tiers? While GICS does not provide valuation parameters, the four tier hierarchy can allow for intra and inter sectorial valuations. Watch this video and other videos in the Quick Definitions series. I'll, define and explain important issues in Economics, Investing and other issues could influence your Stock portfolio. Also there are lots of other concepts around the Stock Market and investing in general to be covered. The videos by design, are short, sharp and to the point. If you are interested in learning about the Stock Market there are many concepts to grasp, keep watching.