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Bofferbrauer2 said:
He put his investment portfolio public for everyone to see. By doing so, he gave the permission himself. Dunno if they are still public, but back in the day at the very least, they were. Edit: http://investorwand.com/investor/8324/michael-pachter https://www.tipranks.com/analysts/michael-pachter
He bettered himself a bit, back in the day like I said it was only +1.2%... |
Thanks for sharing this! That's not just bad performance, it's also unethical for him to push his portfolio as it is not based on making people money (which is what you imply by sharing this information publicly: It sends the message of "hey, I'm an expert! Copy my portfolio!"), but promoting what his clients want him to promote. I work in the investment industry and we help average people with asset generation / wealth building. As VideoGameAccountant pointed out, you could do better by investing in simple Index Funds, which is like the lowest bar to cross - I would have already quit my job if investing in index funds made people more money (karma and stuff... it would be highly unethical).
I think what people have to understand about Pachter is that he is not stupid. He is placing these statements intentionally because he is paid by his clients to influence the gaming industry (if only ever so slightly). Pachter's clients obviously think they can make more money in an environment where Nintendo doesn't thrive. So whenever Nintendo does something right, Pachter tries to argue it is the wrong move. Whenever Nintendo does something wrong, Pachter applauds them for it. If Pachter was simply guessing, you'd expect him to be right 50% of the time on easy success/failure questions. But his track record is so absurdly bad because he intentionally spreads bad analysis. He's basically an industry influencer (at least publicly).
