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To: norm chin who wrote (8094)12/2/1997 8:11:00 PM
From: sea_biscuit  Read Replies (2) | Respond to of 25814
 
Well, the real reason why we give so much importance to what the analysts say is that we suspect they know something that we don't!

True long-term investors who really understand the business couldn't care less what the analysts say! If their utterances cause short-term price swings, so be it! We just don't care! After all, we invest for the long haul, don't we?

So, the question that we have to ask ourselves is -- how many of us "long-term investors" really understand this business?