# My Investment Framework I need investment processes that I can perform periodically and that get invoked by triggers such as models or decision that need to be made. Everything you do should have a purpose. Everything I spend time on should be either performing a process, or building tools to improve the process. Felix Zulauf is able to think clearly because he has a wealth of experience and knowledge, and a process of writing out his thinking periodically in order to come up with possible scenarios and actionable ideas. ## Discover my own thinking I need to have models which allow me to understand the market from each of these perspectives and provide insight into either: - what has happened - what is happening - what will happen Here are the dimensions I need to think along. - Time dimensions: - The long term factors: macrohistory, demographics, politics. - Medium term factors: business cycle, capital cycles, inflation. - short term factors: positioning, flows, liquidity. - economic scale dimension: - Stock level analysis and research - industry level analysis - macro level, business cycle - Style dimension: - macro - quant - volatility/liquidity/technical - fundamental ## Tools, Models and Processes - checklists - business cycle models - fundamental equity models - currency system (carry/value/momentum/positioning/government actions) - quant/econophysics models - models across different: timeframes, securities, scales and asset classes. ## Understand the market perspective Need to understand the perspectives of many of the other market participants including: - quant managers - fundamental managers - derivatives/liquidity investors - politicians - retail investors - short sellers - Central banks - pension funds and institutional investors - CEOs - Entrepreneurs Preferably each of these is exceptional in some way. ## Write-up thoughts I need to write-up: - what I believe the most probable outcomes are - where there is asymmetric upside - and where there is risk. - What actions I need to take.