Cornerstone Investments seeks to achieve a long-term balance of solid total returns while maintaining reasonable risk levels. As stated in our Investment Philosophy, we track both short and long-term investment factors, but the primary focus is on an investment horizon of at least 3-5 years. Short-term economic data reports and volatile market moves first need to be placed within a longer-term perspective so that current headlines do not dictate the long-term focus. Short-term factors can be used for tactical adjustments. Corporate earnings are critically important for determining long-term investment performance, and economic growth is critically important in driving corporate earnings. As a result, we track corporate earnings, valuation levels, and economic growth. Finally, we seek to provide a global perspective.