180 books
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95 voters
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Indeed, the big brokerage firms tend to avoid standing out from the crowd, downgrading a stock only after its problems have become obvious. In October 2001, fifteen of the seventeen analysts following Enron still had a “buy” or “strong buy” recommendation on the stock even though it had already lost 50 percent of its value in the midst of the company’s accounting scandal.
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― The Signal and the Noise: Why So Many Predictions Fail—But Some Don't
― The Signal and the Noise: Why So Many Predictions Fail—But Some Don't
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Going to prison is terrible. You’re never comfortable. All the talk about ‘Club Fed’ is garbage… You’re surrounded by very violent people, very unstable people. Prisons work hard to make you uncomfortable. But that’s not what’s bad about going to prison. What’s bad about going to prison is that you’re separated from your family.
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