Mohacsy's Safe Portfolio Member Forum

[10nisman]

Quote:
I think when one resorts to emotional responses and buys stock in a company using bottom up analysis it's always incorrect. All successful investors use top down analysis. They begin by analyzing economic forces, then market level, sector level, industry level and finally company level analysis.

Now do Buffett and pretty much every great value investor / mutual fund manager in the world. Bottom-up is the only way to go and not sure where you picked up the above random quote --- clearly, they don't understand what it means to perform bottom-up analysis.