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In response to
"When I am emperor, Wall Street 'expectations' will be outlawed."
by
ty97
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eh. it's not the expectations that are the problem it's the expectation that the expectations will be correct...
Posted by
xi (aka dmuck)
Aug 30 '10, 12:03
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give the track record of analysts, there's really not a lot of good reasons reason for people to continue to pay most of these people to come up with forecasts that can't outperform a coin flip. and yet there's whole industries based on predictions, and you can make good money doing them. so if people want to pay good money for crap predictions, there's not a lot to be done about it.
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