· An interesting article on stock analysts and what makes them tick.
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· · Market, market, market! to become an "expert". Analysts market to salespeople, brokerage clients, potential investment banking clients, existing investment banking clients, the media, other brokerage houses, potential employers, industry insiders… and anyone else who will listen. What's the good of being the world's foremost widget stock expert, if you don't tell everyone that you're the world's foremost widget
· stock expert?
A widget "expert" isn't an expert necessarily because he has worked in the widget industry for years, or because he lives, breaths and excretes widget, or because he blows his nose with widgets, or because he knows more about widgets than anyone else -- but, rather, because he's been able to convince everyone that he is the widget expert. Once the analyst gets a few key parties to believe that he is, indeed, the best widget analyst anywhere, it all snowballs -- and, bingo, before he knows it, the analyst starts to believe his own press.
ragingbull.com
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