Cyclicality

As the Fortune Brands Innovations portfolio is now more heavily weighted towards smaller ticket repair and remodel items or, in the case of our Security business, are more market-agnostic, our products are less exposed to market cyclicality.

I have placed a higher discount rate of 12% given the elevated execution risk and cyclicality of the business.

Temporary staffing is often used by companies to manage fluctuating workloads efficiently (such as project-based tasks, cyclicality, etc.).

The recent result was another proof of the cyclicality in the business.

VONG is a large-cap growth fund with exposure to sectors like Technology, Consumer Discretionary, and Industrials, making it a bet on cyclicality.

The Defense & Space segment would have stability and independence to focus on its government contracts and long-term expansion free from the weight of the expensive cyclicality of commercial aviation.

First, we have the obvious reasons for the business being exposed to cyclicality as travel tends to fall in the discretionary spending camp -- most travel tends to scale down dramatically in downturns (Bureau of Labor Statistics).

Given small caps’ greater cyclicality relative to large caps, they tend to benefit disproportionately when investors’ economic optimism increases.

So it will all be balanced out even though there's cyclicality, but our margin will remain -- growth will continue remain pretty strong.

What connects the two investing themes: To grow your portfolio, your asset allocation should be able to survive the cyclicality of markets’ booms and busts.