Galaki on 07 December 2012
| Monteblanco said: Pachter has all the incentives to go boldly with his analyses. Most of his failed predictions will be forgotten whereas he just need to strike a bold one right to be considered a guru and make much more money. As such, it is rare to have analysts giving conservative long range predictions. |
I think it has to do with the "strange" American culture where failure is excused/ignored and success is amplified a million times.
Have you seen any CEO penalized for running the company into the ground? Nope, they get paid hefty while the rest of the ants suffer. And when a CEO hit a strike, s/he would be drown in fame.
