Do bankers do ANY type of predictions about the market?
So traders or portfolio managers try to make living by predicting movement of overall market or individual securities. Do bankers have ANY type of similar prediction to do? Of course they do a lot of modeling & projections with accounting stuff, but I'm talking about predictions that have serious consequences if they are not very accurate. (Serious enough so that it would be a factor for clients to choose which banking firm to work with next time)
If so, can anyone who has a lot of experience shed some light on what it would be? (And possibly how one can do better?)
Senior level bankers, especially M&A guys, have to have an innate understanding of industry dynamics, potential disruptions in how an industry operates, technological evolution, etc. to accurately pitch companies to their clients. When the company's first question is "How will this acquisition benefit us 10 years down the road?", it's a qualitative answer one must give instead of "$xM run-rate in synergies".
I don't think you know what innate means...
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