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Killiana1a said: Doesn't matter if Nintendo listens to him. Mutual funds, Goldman Sachs, and other big names on Wall Street listen to Pachter because he may be wrong on his game to game predictions, but he has kept his job because he is damn good at forecasting which videogame companies will have up or down years. |
Really? I believe he was wrong on that before the gen started as well, few times he was right on that matter simply because he was stating the obvious.
The whole point of analyst to make his predictions is to manipulate public and, more importantly, investors' opinion, it's not his job to inform anyone. That's why there're lawsuits over lawsuits against credit rating agencies, as if no one wasn't aware before that ratings were shamelessly overrated. Insiders just were ok with the fact that analysts were spewing BS for the sake of them.
