If he thinks the game is good, then it must be really bad.

Above: still the best game of the year.
If he thinks the game is good, then it must be really bad.

Above: still the best game of the year.
no grasping at straws this time? surprised. As already stated its easier to post when he's right.
Not that we should encourage him by posting anything at all.
| theRepublic said: A blurb from the company website where he works? Nice source. From what I can tell, he only won the StarMine award in 2008, and it is industry specific, so they give out a ton of awards. I know he didn't get an award from them in 2009 or 2007. If you want to try and look further back go ahead, but they are not easy to find. As for the Best on the Street Awards, he got third in his industry in 2005. He didn't get Top 5 in his industry in 2006, 2008, or 2009. I'm having trouble finding the list for 2007. Even then, few (if any) people around here are talking about his stock picks or earnings projections. When they call him a bad analyst, they are talking about his stupid predictions like when in mid 2007 he said there will be a Wii HD in 2009 or 2010. Hell, in January of this year he still thought Wii HD was coming. They are talking about stupid stuff he says like the PS3 with Move is the Wii HD and then declaring himself right. Let's go back to something that affects investors again. He predicted in 2005 that the generation would end up "Microsoft at 30-35 percent, Sony at 45-55 percent, and Nintendo at what's left." That's a big miss. Take a look at Richard's link in his sig. Getting the EA will buy Take Two prediction wrong is another big miss for investors. He is wrong all the time. The only reason he is still relevant is that no one else spouts off about video game industry predictions as much as he does, so the gaming media eats it up. |
What I write about Pachter shouldn't be just pointed at him, although he is particularly notable on the Internet and got his own Web broadcast out of it. What Pachter is, is systemic of how the money that is backing the videogame industry generally doesn't have a clue. It is the job of the Pachters in the world to get people to move money places, and make money doing so. They need to appear to be right enough they build credibility, and look like they can predict things. Such individuals would likely end up not getting investors to invest, if they actually really knew what was going on and stated it, who would believe them? They need to sell stuff that sounds credible enough to money people to get them to invest. Look at some of the things that have happened and answer if, 5 years before, people would believe them:
* Microsoft would have major quality issues with the XBox 360, and still sell more units than the PS3.
* A clearly inferior graphically console in the Wii would end up with half the marketshare.
* The clearly inferior graphically console will end up having a "killer app" feature that people want, that it would drive Microsoft and Sony to come up with answers to compete.
* Sony would win the high def movie format war early, but it wouldn't propel them to first place.
* The graphically inferior DS would end up owning the market over the PSP.
* Nintendo would come out with a portable system that did 3D. Remember Virtual Boy? That is why I say this.
You think if Michael Pachter, or any of these analysts said such things, that they would end up getting any money from investors? Of course they wouldn't. You would have to be mad to think this. Actually someone I believe in Gamespot did a joke prediction along the lines of the Wii prediction on marketshare and everyone thought it was a joke.
People need to take the prediction business with a HUGE shaker of salt. You get individuals in Wall Street financial firms who get lucky with what they predict, and this is seen as genius. Well, it is a case of getting lucky, as Pachter probably has. He got as lucky as about anyone else who has industry knowledge and can put 2+2 together. When there is large money in an area, and a large number of people making predictions, some will happen by chance. To elevate this to something relevant, and the individual producing these predictions as worth reading (gee, what is Pachter writing now), like they are the chairman of the Federal Reserve, is absurd.
Want to know how the prediction business is sheer folly? Consider this article from the Onion regard the last president's administration (Bush):
http://www.theonion.com/articles/bush-our-long-national-nightmare-of-peace-and-pros,464/
That was written January 2001, and is more accurate than Pachter. And it was meant as a joke, not as a prediction. Back in 2001, that wasn't seen as being possible.
Hey, want to go on? How about this offshoot of X-Files, The Lone Gunmen, that is said to predict 9/11? It was broadcast a few months before 9/11 happened:
The prediction business is absurd, and don't lend credibility to it. This means, stop using Pachter as all that in forums like that. You get individuals like Alex Jones who think they see patterns in this noise and believe there is some sort of conspiracy going on. Also, keep in mind, it is individuals like Pachter who help to take down the economy with their predictions that housing prices would ALWAYS go up and they got individuals to trust flawed financial models and causes the ratings industry to lose its credibility in the process.
of course he was wrong! don't be fooled. even an ass can talk.
Nobody even vaguely suspects that perhaps he just doesn't give right predictions for free?
I love the multiplayer. Killing on horse back :) reminds me of my old UO pvp days :D
@richardhutnik
I was just pointing out how silly Shorty's posts about Pachter were. By the way, if this was true,
Switch Code: SW-7377-9189-3397 -- Nintendo Network ID: theRepublic -- Steam ID: theRepublic
Now Playing
Switch - Super Mario Maker 2 (2019)
3DS - Phoenix Wright: Ace Attorney (Trilogy) (2005/2014)
Mobile - Yugioh Duel Links (2017)
Mobile - Super Mario Run (2017)
PC - Borderlands 2 (2012)
PC - Deep Rock Galactic (2020)
badgenome said:
That doesn't say much for analysts, does it? |
That doesn't say much about the world, does it?
My themeforest portfolio:
Everyone underestimated Red Dead. It hit the gaming world like a freight train