4 ms·
The word "hype" is very appropriate. If people in the "market prediction" business were paid based on the accuracy of the predictions coming out of their mouth,
by Jugurtha 10y ago
The word "hype" is very appropriate. If people in the "market prediction" business were paid based on the accuracy of the predictions coming out of their mouth, there would be no food going into their mouth.
They'd resort to other ways to scrounge for a living using their previous skillset, such as becoming Fortune Tellers; that is until someone starts tracking their predictions too.
If you're an "analyst" and your predictions are worse than tossing a coin, what on earth is the use of you?
The whole jumpiness of the people in that line of work is quite interesting. As if the goal is to drink large volumes of coffee, be stressed, run around with papers and be excited about what a bank thinks about a stock. Yes, but what do you think about that stock and are you aware that tickers represent real companies with real people in an economic context with real problems needing real solutions? That's similar to starting a startup just for the sake of wearing a hoodie and being a "startup guy" and talking about Heroku and Docker and code and exit strategies and forgetting to solve a problem.