Burgandy Asset Management: Top-Down vs. Bottom-UpGuest Post
Top-Down vs. Bottom-Up by Joe Rooney, Burgandy Asset Management
There are two common categories of investors: “top-down” and “bottom–up.” These terms refer to an investor’s starting point when approaching a potential investment. Top-down investors begin by evaluating the macroeconomic environment, while bottom-up investors start by researching individual companies.
The debate between top-down versus bottom-up investing is not new and there is strong conviction on both sides. Burgundy has been a bottom-up investor since the day . . .
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