Failed in what way? To become super-rich? Or failed to achieve anything at all? There are degrees to "failure". I would rather try and succeed...
Unfortunately this isn't something you can change through argument. Words don't help change minds as closed and as lacking in inter-cultural...
My feeling is that it's difficult to make a persuasive argument for protectionism being a factor in the lack of success of the US auto industry...
Can anybody recommend portfolio management software for swing or longer term investors? I am using Excel at the moment but making it do what I...
Interesting, as you say, but is it anything more than a sophisticated version of "buy the rumour, sell the fact"? Suss
It's easy to make unproven assertions, or assertions that rely on a conspiracy theory. This particular assertion is as sensible as saying that...
That's absolutely right. This is probably why clients like to actually meet analysts and get a feel for their level of confidence on the stocks...
The implication appears to be that those who don't take a salary - perhaps you are thinking of traders - are whiter than white? Reading between...
OK, just one last response. To return to earlier comments: 1) Having met many, many analysts I haven't found any who don't believe in what...
Why am I posting in this thread?? :confused: There's no way people are going to change their minds. Back to observer role... :cool: Suss
What is the cost to the analyst or the firm that employs him of talking about a recommendation? Zero cost, or even a small benefit, because the...
Ultimately, their job is to make money for clients because that's what makes money for the firm. If you make money for clients with good calls or...
1) An analyst can only influence the market if he has credibility i.e. people watch him and follow his research. 2) If he makes changes to...
Not sure I understand you. Are you saying that the clients of all IBs are dumb? Suss
OK, I can understand why people want to think that, but given the lack of economic incentive for the analyst, what is the reasoning behind your...
Pretty naive interpretation. :D I'm not saying that corruption does not exist in the industry, any more than I would claim that corruption doesn't...
I don't know about new regulations but this has been industry practise for at least 4-5 years - the legal consequences of not doing it this way...
For the sake of the thread originator, I will point out that it's precisely because traders can take advantage of it that the investment banks are...
Well, they are telling their clients. As I already pointed out, the firm can't really avoid making it public even though they may not announce it...
The firms for which the analysts work upload this information (changes to rating or target price) to Bloomberg, First Call etc. The firms do this...
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