I use a top down view to determine the current macro economic factors & determine which sectors to invest in. Eg: I would lean into defensive sectors if a recession is looming such as consumer staples.
Once I have chosen the sector, I switch to a bottom up approach, to select companies that are most likely to outperform their peers. Eg: Under consumer staples I would select $Coca-Cola(KO)$ which has a wide brand moat.
By using both Top down and Bottom up approach, I have the best of both worlds. It is not about perfect predictions but about robust risk management and balanced conviction.
The best approach is ultimately the one that allows me to remain disciplined and rational when volatility is at the highest.
In adopting a blended approach, I would be to seize opportunities and be a better investor.
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