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> 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:
by 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