In Investing From The Top Down: A Macro Approach To Capital Markets, Anthony Crescenzi lays out the case for "macro" investing. Instead of trying to pick securities by scouring over company reports, one looks at the trends in the macro economy and markets. The advantage of this approach is that it requires less of a time commitment, and if one is successful, it will be easier to sidestep crises that are blundered into by those who myopically focus on what is happening to particular companies. Although billed as being useful for institutional as well as retail investors, it is not too complex and so I view the true audience as being retail investors or people who have entered finance without a background in economics.
