ANALYSTS HAVE BEEN WRONG FOR A DECADE
Courtesy of The Pragmatic Capitalist
Interesting commentary in the latest McKinsey Quarterly on the analyst community. As we’ve often noted here, the analysts have been impressively wrong year in and year out. In fact, McKinsey notes that the analyst community has been too optimistic for the majority of the last decade. And they haven’t just been wrong – they’ve been horribly wrong. Their estimates have fallen short by almost 50% over this period:
Source: McKinsey
