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In clear language they take sophisticated concepts, make them understandable and provide fascinating examples. Mitchell is from the United States and Habib is from Pakistan. " That's what I did. "Fisher Investments argue that a top-down model has the advantages of a) scalability as it helps the investor prioritize which stocks to focus on and which to ignore, b) enhanced selection since for example economic analysis can help determine which the outperforming stock will be, c) risk control through fewer unintended dependencies on factors outside the investors view and d) "macro overview" meaning that the investor focuses on the allocation issues that determines most of the variance of returns in portfolios.
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