When looking to invest corporate dollars, do you think the top-down approach is preferred over the bottom-up approach? Why or why not? Use resources to support your reasoning.

Top-down investing uses factors such as global market situation
and trends and industry -specific delve into to create investment ideas.
Now suppose that US market is giving fairly average returns and
Brazil is giving higher returns and outperforming the market. So in the
case of the Top Down approach will look in to the factors which are
responsible for the business climate of the Brazil, Its GDP , recent
market performance and specify the what sectors are outperforming
among the all sectors. After identifying the best industries in the Brazil ,
we will investigate the which are the best companies to invest in the
sectors. While in the Bottom...