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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: gerard mangiardi who wrote (10754)7/9/1999 4:42:00 PM
From: Dale Baker  Read Replies (1) of 18998
 
I have made my views about anonymity on SI obnoxiously clear here. That applies to everyone.

I disagree about analysts having to be right. Some have dined out on one or two good calls for years afterward, though they are constantly wrong. Look at how many analysts have been screaming bloody murder about the overvalued market which is about to crash for the past several years.

They manage and earn millions of dollars a year - for being wrong. Most fund managers can't beat the S&P. They also make millions.

Most are losers.
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