TSX:REI.UN - Post by User
Post by
SirCharlesVon Dec 16, 2020 11:05am
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Post# 32118467
Never trust stock analysts, value companies on your own
Never trust stock analysts, value companies on your own Many people rely on stock analysts to forecast future prices, but I can assure you that their prognostications are neither accurate nor reliable. Some get lucky and have a better track record than others, but none of them are prophets.
As the great Warren Buffett says, "Wall Street is the only place that people ride to in a Rolls Royce to get advice from those that take the subway." In other words, don't take the word of a bank analyst making $60k a year, because if he/she were so good at forecasting stock prices they'd be rich and wouldn't need that $60k job working as a bank analyst.