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.

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 ?
It should be able to plan at a lowest level of data providing bottom-up and top-down planning capability, Rapid aggregation and drill-down functionality.
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.
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.
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.
We realized we needed a business management system for IT, one that could meet our needs for costing, support a top-down planning process, and give us deeper insights into services demand and quality.