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(Bloomberg)   Who did Wall Street have making its market predictions in 2012? Top men. But who? TOP MEN   (bloomberg.com) divider line 11
    More: Fail, Wall Street, John Paulson, investment strategist, Credit Suisse, MSCI, sovereign bond, Lloyd Blankfein, Merrill Lynch  
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1194 clicks; posted to Business » on 04 Jan 2013 at 10:42 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-01-04 10:45:35 AM
Reset the counter on the "Days Without a Porkins Reference" sign.
 
2013-01-04 11:13:34 AM
I just watched that movie last night - otherwise it would have been obscure, which we all know is impossible on Fark
 
2013-01-04 11:35:34 AM
oh hey, goldman wins again.
 
2013-01-04 11:53:03 AM
People using irrational methodologies fail to make accurate predictions, just as they have been doing for as long as they've been trying to make those methodologies work.

But, hey, as long as they make a convincing, authoritative sales pitch, people will pay them a lot of money for a chance at getting rich, so it doesn't really matter if they know what they're doing. They'll do just fine.
 
2013-01-04 11:56:55 AM

pearls before swine: But, hey, as long as they make a convincing, authoritative sales pitch, people will pay them a lot of money for a chance at getting rich, so it doesn't really matter if they know what they're doing.


But we need top talent at these positions.  How can we keep top talent if we don't pay them competetively?

(...says Fox News, right before running a segment on how teachers are vastly overpaid.)
 
2013-01-04 12:16:19 PM

pearls before swine: People using irrational methodologies fail to make accurate predictions, just as they have been doing for as long as they've been trying to make those methodologies work.

But, hey, as long as they make a convincing, authoritative sales pitch, people will pay them a lot of money for a chance at getting rich, so it doesn't really matter if they know what they're doing. They'll do just fine.


And even if they fail, they know that the Feds consider them "too big to fail" so they'll get bailed out. Everyone wins!
 
2013-01-04 01:25:27 PM
Truth is that most of these guys were never particularly sharp. Many just made names for themselves back in the day when nothing could go wrong. But even then there were guessing just like evrybody else.
 
2013-01-04 02:05:06 PM
And for the brilliance of having them manage your 401K they only skim 1%
 
2013-01-04 03:20:00 PM
This year buggy whips and hogsheads of toboacco are sound investments. Im working on a side project where we will take 3 ships through the straits of magellen and get spices from asia. The likes ye have never seen!
 
2013-01-04 04:15:56 PM
TFA:

The 50 stocks in the S&P 500 with the lowest analyst ratings at the end of 2011 posted an average return of 23 percent, outperforming the index by 7 percentage points, the data show.


/haha
 
2013-01-05 04:10:52 AM
The analysts did what they are suppose to. They convinced to "dumb money" to stay out of the market or sell their positions so that the "smart money" could buy low and then sell high. Listen to the "hype" and sit back says and watch, you will see a pattern. When everyone (including the barista at the donut emporium) says sell, its time to buy and when everybody says buy, its time to sell.
 
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