Investing Analysts on Wall Street

Investing Analysts on Wall Street

Little independent investment thought comes from the analytical professional ranks.

What goes for research on Wall Street is primarily in the form of reports on public companies. These have to do with reported earnings, such as they are, without true understanding of the nature of those earnings. Much of what may be announced by a company could be the result of fanciful accounting, after all.

Most important to the investor, little is done to report on all-important strategy. Most analysts and money managers have no time for careful, insightful thought on the many, many hundreds of those which, along with disciplined use of that strategy, is essential.

Moreover, the investment community is incestuous, feeding on itself in a way which foments herd-like and impulsive instincts. Inanities and gibberish can often become gospel, owing to their repetition over the years.