Anyone else see in the recent bloomberg news (i dont know why i read it, it only annoys me), about the top analysts predictions on 90 biggest banks?
The very top was Goldman Sachs, who got 30 correct predictions of buy hold and sell...
If the very top are no better than Grannies that like to Bingo, what the HELL are the others doing? This **** got a 16 page article, complete with photos of these wise financial wizards in thinking poses...
Respect for media news going down and down and down. Is there anything remotely useful out there in the press? Or was Taleb completely right? Depressing.
Cool link broseidon.
a lot of traders ive come across dont even read the in house research. The sales/salestraders do because that is their monkey script, but overall research is a very skewed thing.
At one BB the research team have a virtual portfolio and it is well under water.
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