- My investment career has been focused on portfolio strategy, analyzing the economy and financial markets from a top-down perspective, while using various databases and equity quant systems for stock selection, with an emphasis on growth stocks.
- Based on years of investment experience, I believe the most effective way to make investment decisions is with a comprehensive research process, covering three broad areas:
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- Global macro events (political and economic developments)
- Company fundamentals (earnings, earnings estimate revisions, etc.)
- A technical overlay (a technical analysis component)
- By consistently monitoring developments in all these areas, we can view the whole mosaic of economic and market activity as events unfold, and put together the pieces of the puzzle in a coordinated way.
- This enables us to recognize situations in which it would be prudent to take action in portfolio management, such as making changes regarding asset allocation, sector weights, and / or stock selection.
- I have written a series of white papers showing examples of how this type of analysis can be very effective.
- Please see the other sections of this blog for more detail. The section “Why Unique and Valuable” contains further discussion of investment philosophy.
- The section “Excerpts from White Papers” contains case studies of analyzing the market and making investment decisions.