| Smashchu2 said: I don't why they still employ him. He's got to be one someone's payroll. Who do you think is right: A large corperation which has taken the marketplace by storm or a guy who admits he is wrong a lot?
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He is on the payroll of his company. He company makes money by getting investors to buy their research, and forecasts. By having Pachter around, the company gets their name in the headlines every time someone here posts about him. The business Pachter is in, isn't about being right... it is about getting people to give you money over and over. They do this by being in an area that is folly to be competent at, but where there is also desperation for someone to be competent. In that, as long as you can keep getting them to buy into the words, you keep making money.
What Pachter does is say what investors want to hear, that fits what investors expect to happen, and then backs it up with information that makes it say it is right. In this are provisos and other clarification points, that let him back out and blame the unexpected for things being so.
As for who has to be right, the large corporation has to. The guy like Pachter just has to be popular, and say things people like to hear.... and sound educated, like he knows more than most people.
