Cycles, Indicators and a Framework Statement

1. What indicators are you regularly looking at?

2. What publications, articles, economic results help in developing a comfort around your portfolio management framework?

3. Develop and document your investment framework "Statement"

GDI Framework Statement: "A qualitative, medium to longer term view (4 to 8 years) developed through diligent analysis of key risk factors (Global economics, equity markets, fixed income markets, inflation expectations, monetary policy, liquidity and volatility). This framework is being offered to clients of GDI and clearly targets individual exposures to investments in U.S. diversified equity, emerging market structures, commodities, fixed income as well as a selective group of individual issues of stocks and bonds. The investment objective is to maintain the asset allocation parameters in detail and utilize strategic long positions to partially hedge for inflation."

Investments - 12th Edition By: Zvi Bodie, Alex Kane, and Alan Marcus

4. Discuss which valuation strategy (PE, DCF, etc.) is most meaningful in your investment analysis and why.