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if Analysts knew so much they would be rich instead of providing advice, which I've found to be hit or miss, to other people.
by strikelaserclaw 7y ago
if Analysts knew so much they would be rich instead of providing advice, which I've found to be hit or miss, to other people.
- brentm 7y agoOf course, they might be totally off base and completely wrong and the company might go to $10 or $0. But when compared to the media who live and die by the dramatic story that garners the most interest and the markets which are amplified by many factors I personally prefer the opinion of those who at least spent time modeling it out. I also personally think transportation is a necessity and Lyft has levers it can pull which can make a big impact in their bottom line.
- asdff 7y agoWhat levers does lyft have? If they raise the price too high, there's a point where people will go back to cabs (yellowcab has an app now, believe it or not), and now they can opt to drunkenly ride a scooter or ebike for $2-5.
- bduerst 7y agoMaybe they're on their way there? Gotta start somewhere. Maybe not ridesharing IPOs though.
- erikpukinskis 7y agoThey do know a lot. But the work the analysts are doing is price of entry stuff. You don't make money on Wall Street by "knowing a lot" you make money by knowing one thing that one person opposite you doesn't. That means you have to know a lot of things that won't make you rich, just to prevent becoming poor.