The Lowdown on Bottom-Up Investing

Thanks for giving a quick explanation of the two types of investing. Many times authors of educational finance/investing blogs assume that the readers know what all the terms mean. I really appreciate this entry.

Caveat

Understanding a company's product is fine, but it does not address the issue of timing.

We all understand Walmart. Now, anyway. Early investors in Walmart made fortunes. But even though the company has been doing more than fine every year, owning Walmart this decade has been a slow, slow, slow "adventure". Timing is everything, and the top-down people are more into that aspect.