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Really? I find it very surprising that investors would follow such guidance without being able to see the numbers. How are businesses who produce this kind of
by studentrob 11y ago
Really? I find it very surprising that investors would follow such guidance without being able to see the numbers. How are businesses who produce this kind of report evaluated? Do people count the number of times they predicted correctly or incorrectly?
- deleted 11y ago[deleted]
- Nicholas_C 11y agoI have a good friend who worked in investor relations for a tech company that IPO'd. He worked with these analysts and they would send him models. I'm told that most of these analysts were juggling 5+ companies and couldn't devote much time to any particular company without neglecting the others. Due to this, their models were often very poor or were missing large, publicly known items. Something to think about.
- GFischer 11y agoSome stories are incredible, for example the Dragon horror story that was featured here a few weeks ago: http://www.nytimes.com/2012/07/15/business/goldman-sachs-and-a-sale-gone-horribly-awry.html?_r=2 http://www.nytimes.com/2012/07/15/business/goldman-sachs-and... https://news.ycombinator.com/item?id=10994707 https://news.ycombinator.com/item?id=10994707
- huac 11y ago> I find it very surprising that investors would follow such guidance without being able to see the numbers. https://www.youtube.com/watch?v=Lx4poQw1mZo https://www.youtube.com/watch?v=Lx4poQw1mZo > How are businesses who produce this kind of report evaluated? These reports are made by sell-side analysts, and the banks are evaluated by how much profit their buy-side analysts can make. See a disconnect? > Do people count the number of times they predicted correctly or incorrectly? Google "analyst ranks", so I guess once a year, but investing is mostly a relationship-based environment so the actual ranks might not make a difference that often I will say Dave Wessels is real good at this