I have frequently kicked equity analysts in the nards – the reason being their analysis is rubbish and of no fundamental use to anyone. In fact it acts as a drag on the performance of individuals and institutions.
Consider this Technical and Macro Market Update
How does this in any way assist in the decision making? The intro states –
Are you at all confused by what’s going on in the economy, markets, politics and Europe?
Not really – I dont need to know anything about the politics. Sure the Greeks couldnt run a hot bath and Belusconi is an overly tanned buffoon with a hair transplant that makes him look like my recently replanted front garden. But beyond that I dont really need to know anything without knowing everything.
Flipping through his presentations is a fantastic way to catch up fast.
Yep much in the same way as smoking is treatment for lung cancer – reading this will only make your confusion worse.