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Not really my experience with other ECs. The analysts typically cover that particular firm already since many calls and have a good understanding of the industr
by thesumofall 9y ago
Not really my experience with other ECs. The analysts typically cover that particular firm already since many calls and have a good understanding of the industry and what matters. The question you gave as an example does not necessarily imply that the person asking doesn’t know the answer. They might have already asked the same question since several calls and might be interested if the wording of the answer changes. Or they might be interest if the answer may include any actionable numbers
- adamnemecek 9y agoCorrect, but I dont think that they really understand the fundamentals. Or like be able to answer the question "what are the odds of the industry moving away from nvidia to someone else"?
- maksimum 9y ago> I dont think that they really understand the fundamentals (A) the fact that the analyst you're talking about is paid for their opinions and you're (most likely) not, means that with high probability you're wrong. (B) what's the utility of assuming other professionals are dumb, and building an investment strategy that will work against dumb professionals?
- adamnemecek 9y agoI, as an investor, am paid for my position.