8 books
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3 voters
Recommendation
“
A one- or five-star rating is usually an exaggeration.
”
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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.
”
― 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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