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Which should theoretically let you "put your money where your mouth is", since if analysts are systematically wrong, and the prices move in response to analysts
by smackfu 14y ago
Which should theoretically let you "put your money where your mouth is", since if analysts are systematically wrong, and the prices move in response to analysts...
- jamesaguilar 14y agoI think you'd have to test the latter assumption too before you go betting against them.
- rm999 14y agoAlthough I think most serious investors either ignore analysts or know to adjust for their biases. Some of the real victims are lazy academics, as the paper discusses.