These results beg the question of just how much weight we should give analysts' earnings forecasts. It turns out, not much, especially in the long run.
Peter Berezin, the chief global strategist at BCA Research, is out with a new report about stock selection and market timing. In it, he asks the following: "How can we distinguish between hidden gems and fool's gold?" The answer, he determines, is not the thousands of analysts Wall Street has bankrolled to do just that
PS - Just to be perfectly clear, I was definitely joking about WSB. Sister comment is right, WSB is the 4chan of "finance".
Comments
Sure thing -
https://www.investopedia.com/ask/answers/difference-between-...
https://ftalphaville.ft.com/2018/11/13/1542091438000/How-acc...
These results beg the question of just how much weight we should give analysts' earnings forecasts. It turns out, not much, especially in the long run.
Peter Berezin, the chief global strategist at BCA Research, is out with a new report about stock selection and market timing. In it, he asks the following: "How can we distinguish between hidden gems and fool's gold?" The answer, he determines, is not the thousands of analysts Wall Street has bankrolled to do just that
PS - Just to be perfectly clear, I was definitely joking about WSB. Sister comment is right, WSB is the 4chan of "finance".