[DcifrThs]

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Here is something that might explain it better. Can you make money JUST doing fundamental analysis of a company without taking into consideration the impact of global macro trends?

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I have a two word proof that shows you can. Warren Buffett.

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i wrote out a long answer to this statement. then just laughed to myself and said "lol, it's not worth it, somebody will come in and explain this in 4 words." you did it in 2. wow.

but, just to state my point, you can hedge out market movements even if you aren't warren buffet. i.e. fundamental analysis of a stock can lead to your conclusion that it is attractive, but you don't have a view on where the market is headed. so you short out the mkt risk and isolate your exposure to the stock itself.

Barron