Little independent thought comes from analytical securities’ sectors. What goes for research on Wall Street is primarily in the form of corporate reports. Little is done on all-important strategy. Most analysts have no time for careful, insightful thought. Moreover, the investment community is incestuous, feeding on itself in a way which foments herd-like and impulsive instincts.
Yet, we constantly hear about expert securities-pickers and newly-found, can’t-miss strategies. You may hear or read of it as if they have just found gold. I have heard of comparable new-strategies for decades and I have investigated them. There are no panaceas (See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)
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