I read Zero Hedge everyday. I find the writing witty, pithy and insightful. They are my news source of choice when I want comment and insight to either breaking news or other issues that warrant understanding.
It boggles my mind that they have been so unrelentingly wrong (at least from a helping people make money perspective). It just proves the adage that perma-bear arguments always sound more insightful and compelling than the conflict ridden cheerleading of Wall St.
Zero Hedge is going to be right one of these days. That is just how it works. As they say, even a broken clock is right twice a day. They will likely do numerous victory laps and tout their superiority from the rooftops. When they do, they will exhibit the same lack of integrity as the Wall St shrills they take shots at everyday.
Caveat emptor!
Showing posts with label sell side. Show all posts
Showing posts with label sell side. Show all posts
Friday, March 6, 2015
Thursday, May 7, 2009
Just An Observation About Sell Side Research
Actually I think this applies to both sell side research and independent research.
It is hard to come across an analyst (whether a stock analyst or an economist or a strategist) who operates with a coherent underlying conviction. My sense is that they tend to blow with the wind. And I think the reason is so that they don't ever get too far from the latest data point (or consensus), and so can never be too wrong at any particular point in time.
The problem with this, of course, is that they often miss the forest for the trees.
It is hard to come across an analyst (whether a stock analyst or an economist or a strategist) who operates with a coherent underlying conviction. My sense is that they tend to blow with the wind. And I think the reason is so that they don't ever get too far from the latest data point (or consensus), and so can never be too wrong at any particular point in time.
The problem with this, of course, is that they often miss the forest for the trees.
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