I have a real smart friend with his CFA in the Traditional Finance industry. I can't help but think that him getting his CFA has forced him to become a bit "too cute" when analyzing investments.
The point of analysts being too cute makes me giggle. This industry has too much ego and it is hard for people to admit they are wrong! You are right it is never about just being right but to make good returns for your clients/portfolio. You need to change when market/data change!
I stick to the mantra "you gotta find every reason *not* to buy a stock" when I'm about to buy a stock. Helps me remember that I'm a human who makes mistakes.
Good post. Thanks.
Thanks for reading and for the kind words!
The point of analysts being too cute makes me giggle. This industry has too much ego and it is hard for people to admit they are wrong! You are right it is never about just being right but to make good returns for your clients/portfolio. You need to change when market/data change!
Very well put! “Don’t midcurve it” as the saying goes. Cheers!
I stick to the mantra "you gotta find every reason *not* to buy a stock" when I'm about to buy a stock. Helps me remember that I'm a human who makes mistakes.
Heck, even AI makes mistakes every now and again! ;]