The strategy I apply to the portfolios I manage starts from the top and works down. The country and its case. The industry and its outlook. The profitability of businesses in that sector.
Many people swear by index funds. For new investors, they can be a very reasonably priced way to enter the market. But they do have some disadvantages.
There once was a time when working at a hedge fund was a sure-fire way to show that you had made it. But something happened to change all that.
Today, asset managers are changing how they look at stock. It’s not necessarily a method I agree with. Yet it seems it’s what the industry wants.