Macro vs. Value Investing
Want to hear your opinions on macro investing versus value investing, the two completely different strategies.
Any insight on the industry trend?
Trending Content
| Best Public Markets Gig? ER, MM HF, SM HF, or LO AM? | 13 | 1d | ||
| +42 | How to start a family office (HF rainmaker) | 17 | 11h | |
| +33 | Law to Quant Pivot? | 10 | 1d | |
| +19 | Hedge Fund WLB | 6 | 10h | |
| +19 | HF Final Round Interview | 4 | 3d | |
| +18 | People who work at hedge funds, what made you interested initially? | 13 | 7s | |
| +17 | Most appealing public credit seats out of RX? | 1 | 4d | |
| +17 | How to destress at Pod HF? | 7 | 7h | |
| +16 | good fundamentals, bad chart | 8 | 1d | |
| +16 | Which Funds focus on timing the broad market rather than L/S individual equities? | 10 | 38m |
Career Resources
"Macro Investing" is an oxymoron...
This topic is inane
Apples vs oranges...thoughts? trends?
which one uses Smart Beta instead of Dumb Beta?
Value probably easier to develop a sustainable edge
In what way?
Macro investing = sexier cocktail party talk but more difficult to do sustainably well
are you really a hedge fund analyst?
Generally speaking neither are worth 2/20
http://www.businessinsider.com/cliff-asness-hedge-fund-fees-2013-9
While the two are obviously quite different they can be very complementary strategies depending on how they are implemented. You will generally find a lot of funds combining the two via top down (macro view) and bottom up (value). As a few mentioned above macro, while it has a slick sense to it is difficult to nail as you are often expressing a subjective view in a binary way, although not always as in other cases you may just be trying to identify a structural shift (e.g. retail to online shopping). Value on the other hand, has an inherent (when done with any degree of competence) margin of safety - just because a stock doesn't double/triple it won't necessarily collapse. In any sense it is probability a good call to get relatively comfortable with both sides, and then specialize as inevitable you'll use and benefit from both in the long run.
Good book for macro: Hedge fund Market Wizards Good book for value: The intelligent investor or one up on wall street
I disagree, pineapples ftw. @"DickFuld", your thoughts?
Adipisci dolor labore non repellendus est culpa. Sed earum enim soluta autem et itaque velit. Magni atque voluptatem facere molestias facilis.
Odio facilis ipsam error debitis eveniet. Molestias est sunt tempora dolor accusamus deserunt corrupti est. Cumque quis debitis dolorem illum quaerat rerum. Omnis enim sit dolorem qui dolorem.
Quos beatae reprehenderit ullam impedit repellendus. Consequatur magnam est odio sequi quis nesciunt dolore occaecati. Numquam nam qui alias quis fuga sapiente tempore ea. Repudiandae sit magnam doloremque autem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...