Look to securities analysts for your investment advice?
Securities analysts constantly critique management of publicly owned companies. They claim to know what products and services companies ought to, and ought not to produce and what they should charge. Analysts ardently propose when to hire and fire top executives.
To give you investment advice, they freely put in their proverbial two cents. They suggest what securities to buy and sell.
Yet very few analysts have the hands-on ability to understand how any business operates from the inside. They are not even that proficient concerning the ivory towers of Wall Street.
As I have often said ( see them on my Earl J Weinreb NewsHole® comments), they haven’t the business experience to successfully run a pushcart.
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