- What is a Wall Street Securities Analyst?
- Wall Street Analysts Are Bad at Stock Picking
- Opinion Rating Systems Are Misleading
- When an Opinion Is Lowered from the Peak Rating It Means Sell
- Research Reports Do Not Contain an Analysts Complete Viewpoint
- The Entire Stock Market Is Biased in Favor of Buy Ratings
- Buy and Sell Opinions Are Usually Overstated
- Wall Street Has a Big Company Bias
- Brokerage Emphasis Lists Are Frivolous
- Stock Price Targets Are Specious
- The Street Is Extremely Short-Term in Its Orientation
- Analysts Miss Titanic Secular Shifts
- Street Research Unoriginal, Opinions Similar
- Analyst Research Is Valuable for Background Understanding
- A Lone Wolf Analyst with a Unique Opinion Is Enlightening
- The Best Research Is by Individuals or Small Teams
- Overconfident Analysts Who Exhibit too Much Flair Are All Show
A Lone Wolf Analyst with a Unique Opinion Is Enlightening
There is serious value added in a unique perspective that is contrary to the crowd. Often there are no hard numbers or evidence to clearly indicate cracks in the surface. A shift to a negative stance that is all alone is a noteworthy signal. Other analysts maintain their favorable views and pooh-pooh the dissenter’s conclusion. He is castigated, dissed by executives, attacked by major institutional holders of the stock, and feels like an outcast. These repercussions are anticipated, and that’s why a dramatic rating slash is always brutal for the analyst. When an analyst is so courageous and willing to stick his neck out with a minority viewpoint, he is displaying a certain conviction. The view is enlightening, as the justification presents evidence that the preponderance of bullish advocates are wont to admit.