Investing From the Top Down: A Macro Approach to Capital Markets (repost)
Anthony Crescenzi, "Investing From the Top Down: A Macro Approach to Capital Markets"
McGr w-Hi ll | 2008 | ISBN: 0071543848 | 304 pages | PDF | 1,5 MB
McGr w-Hi ll | 2008 | ISBN: 0071543848 | 304 pages | PDF | 1,5 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.