top-down investing

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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.

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.
References in periodicals archive ?
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.
1 addresses these challenges with simplified, top-down planning functionality, putting optimization capabilities right in the hands of account and trade planners -where it is needed - so that they can directly build the best account and promotion plans for their company and retail partners.
1 addresses these challenges with simplified, top-down planning functionality, putting optimization capabilities right in the hands of account and trade planners where it is needed so that they can directly build the best account and promotion plans for their company and retail partners.
the above point is a useful simplification; top-down planning is the cause of education's cancer.
Yet what I wrote in 2008 is even truer five years later: "The culture is wider and wilder, and more people than ever recognize that top-down planning by force isn't the best way to run the world.
The president's new entitlement program, as has been noted by Michael Tanner of the Cato Institute, is being financed by additional taxes and massive debt and relies on top-down planning.
Our Global Public Policy Network Essay takes the opposite approach and condemns the top-down planning efforts of officials in Cairo.
The facilitator also should be clear on which approach to planning the launch meeting will follow: top-down planning or bottoms-up planning for the deliverables of the plan.
Since the lean model is based on top-down planning, it must begin, by definition, by considering customer demand.