It is sad but I feel it is, nevertheless true, the majority of securities analysts on Wall Street could not operate the smallest business of their own effectively. Yet, they constantly choose to critique top business executives, in the way they run multi-billion dollar operations.
What is more, Wall Street experts have an extremely limited time horizon. While a business operator must look years ahead, those involved with securities usually operate with a day-to-day or month to month perspective.
No media financial expert has had to pass any qualifications test to determine business expertise. The public assumes critics know what they are talking about when it comes to such punditry.
After years of observation, I assure you, that public assumption is wrong.
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