Analyst Call on Baidu Shows Why Most Wall Street Research Calls Are Useless
August 07, 2009 at 10:08 AM EDT
There are several reasons I typically ignore Wall Street analyst calls. The most compelling is the fact that sell side recommendations over the long term have been shown to underperform the market with above average volatility. Those are lose-lose metrics for investors. Such poor performance is largely attributable to analysts being backward looking when they make [...]