ANALYSTS HAVE BEEN WRONG FOR A DECADE
17 May 2010 by Staff
3 Comments
Interesting commentary in the latest McKinsey Quarterly on the analyst community. As we’ve often noted here, the analysts have been impressively wrong year in and year out. In fact, McKinsey notes that the analyst community has been too optimistic for the majority of the last decade. And they haven’t just been wrong – they’ve been horribly wrong. Their estimates have fallen short by almost 50% over this period:
Source: McKinsey
Not surprised by this at all. I’ve often called them sheeple. Most of them are smart people, but some of them just stun me with their comments.
say it is not so!
airline travel, truckin, and phone costs have all gone down since they recommended DE-regulation…and personal banking costs have as well…now that the atm replaced the human clerks…(it will be cheaper, no humans).
the Investment markets are up too! based upon DAY TRADING/shorts.
they have bin mis educated in the finest Universities…someone got to pay their college loans, guess it’s foxx/msnbc/financial shows… they are better than the daily show or colbert repore, constant laughs- esp when their rear-view mirrors get foggy, the blond w/the “entitlement” attitude on foxxnoose gets stern/grumpy… VERY entertaining.
It would’ve been nice to see those individual analysts who came closest (and furthest apart).