Apple Analysts Top 10 Ranking – Philip Elmer-DeWitt
If I’ve said it once, I’ve said it a thousand times, the paid financial analysts from the big banks and advisory firms aren’t worth the toilet paper I use to wipe my ass…no, one better, the used toilet paper. It’s as simple as that. Their job is clear…to misdirect, cause controversy, move the markets; all for the purpose of getting attention and spurring transactions for their employers.
If you pay a fee to a big investment firm’s advisory service, and you pay attention to these leeches, then you deserve what you get. Because you’re you have been taken for the biggest fool there ever was. These analysts could give two shits about your invested money, all they care about is their narcissistic selves and their big fat paycheck.
The evidence is clear. They have all capitulated and raised their targets on Apple, after the fact. Their collective predictive power is inversely proportional to the size of their paycheck and influence they have with the financial media and talking heads. Just look at the report recently put out by Philip Elmer-DeWitt of Fortune. It clearly shows that the independents were much more accurate than the quote “Professionals.” And this isn’t an isolated occurrence, this is par for the course baby!
Fortune – Philip Elmer-DeWitt
Take a close look at this chart. The analysts in green are the amateurs, not getting paid to do what they love to do. And by and large , they have real industry experience. The analysts in blue are the highly paid professionals, or hacks would be a better term. They are at the bottom of the pack. They get paid more, get the recognition, yet are worse at predicting Apple’s fortune.
This is largely due to the fact that the “Pros” have no industry experience, just the backing of a company with a lot of money, trying to dupe you into listening to their garbage.
Am I angry? No. I’m just telling you how it is. I’m pleased as can be that Apple has once again shown what fakers these paid clowns are. What I’m mad about is all the new upgrades coming across the wire. Where were these guys last week, last month?