top-down investing

(redirected from Top-down planning)

Top-Down Investing

An investment philosophy that considers macroeconomic factors. When making investment decisions a top-down investor first considers the broad condition of the economy, then factors affecting specific industries expected to outperform the economy, and, finally, individual companies expected to do the best in those industries. Proponents of top-down investing argue that it identifies good companies more efficiently, while critics contend that it does not let the investor know the details of each specific stock. See also: Bottom-up investing.
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top-down investing

Making investment decisions by first focusing on economic forecasts and then evaluating prospects for individual industries and companies. Compare bottom-up investing.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
With engaging stories and incisive analysis, "Nine Lies About Work" reveals the essential truths that such freethinking leaders will recognize immediately: that it is the strength and cohesiveness of your team, not your company's culture, that matter most; that we should focus less on top-down planning and more on giving our people reliable, real-time intelligence; that rather than trying to align people's goals we should strive to align people's sense of purpose and meaning; that people don't want constant feedback, they want helpful attention.
It is an innovation because it veers away from the conventional top-down planning process from the national government down to local implementers.
What they actually do is far more onerous, a case of top-down planning from flower arrangements and wedding invites -- they work with an in-house florist and graphic designer -- to running power cables and looking after overseas guests.
By the time she took a leave of absence from Architectural Forum to write what remains her most iconic book, The Death and Life of Great American Cities (1961), Jacobs was already starting to acquire a reputation as a fierce critic of conventional top-down planning.
The March 23 guest viewpoint by three people calling themselves the Walkable Eugene Citizen Advisory Network is a telling example of how hard-charging proponents of we-know-best, top-down planning want to impose unwanted upzoning and poorly conceived densification on single-family neighborhoods across Eugene.
While the authors say they don't want government top-down planning to rule the economy and our lives, I fear that their ideas, if taken seriously, would be useful to those who do.
Leaders often adopt a structured and top-down planning process even in the midst of appearing to seek community engagement and involvement.
"We've scrapped the W failed top-down planning system, built over 445,000 homes and kept interest rates low for homeowners.
We've scrapped the failed top-down planning system, built over 445,000 homes and kept interest rates low for homeowners.
There are numerous ways of constructing a business plan but it usually comes down to one of two methods, either a top-down planning exercise or a bottomup planning exercise.
The fourth paradigm shift, from top-down planning and management to province-led devolution, was also rejected by the DA leadership, which was even bent on pushing to re-centralize agricultural extension services.