Investing From the Top Down: A Macro Approach to Capital Markets
304 pages | McGraw-Hill; 1 edition (September 12, 2008) | 0071543848 | PDF | 1 Mb
In Investing from the Top Down, Anthony Crescenzi, esteemed financial author and chief bond strategist for Miller Tabak & Co., explains how to develop new, highly effective investment strategies by taking a macro view of the factors shaping industries and markets. Emphasizing the importance of economic and market cycles (as opposed to a bottom-up approach, which places valuation ahead of the big picture) top-down investing is better suited for today's global economy and will likely become the dominant strategy in the future.