Five times investing professionals got it wrong — very wrong — via financialpost
Sometimes, investment calls are just so wrong that they follow analysts and companies around for years. Let’s look at some absolute doozies over the years. We’ve chosen five, but, trust us, there are hundreds we could have chosen from. We’re not picking on anyone here, and we’re going to leave out names . We just want to remind readers that the investment game — even for professionals — is never an easy one.Article contentWe’ll start with a very recent one.
Talk about bad timing. Less than 48 hours after the research note was public, China announced a series of measures designed to prop up its financial markets and maintain international stock-market listings. Most Chinese stocks soared, some even had their biggest gains ever, as the index representing the sector had its biggest gain since 2008. Clients of the investment bank who sold missed out on gains of 30 to 40 per cent in less than 10 days. Ouch.
The analyst carried the burden of that call around for years, but it hasn’t impacted him too much: he still works in the industry. And we must give him some slack. Part of the fraud was that someone was “salting” the cores, which involves adding gold to an ore sample. The analyst certainly could have “seen” some gold, but couldn’t have known that the gold in the sample came from elsewhere.
How did this call work out? Well, the S&P 500 has nearly tripled since the report, and oil, of course, is sitting around US$110 today. We’re not sure if the authors of this report still work in the industry.We love this one, because it was so wrong, and the author of the research report refused to give up, reiterating his call 12 different times even as Netlfix Inc. shares soared, and Blockbuster LLC shares plummeted towards bankruptcy.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
MLB free agency winners and losers: Five teams that improved, five teams that didn’tHere’s a look at offseason winners and losers in free agency and trades ahead of MLB Opening Day on April 7.
Baca lebih lajut »
Academy Member Peter Kurland To Resign Over Oscars Telecast Controversy (Exclusive)The four-time Oscar-nominated sound mixer says the Academy asked him to delay resigning until after the Oscars: “I can’t imagine a purpose for staying in an organization that doesn't respect my craft anymore.'
Baca lebih lajut »
CAS Board Member Peter Kurland Quits AMPAS Over Pre-Taped Oscar Categories FlapDeadline has confirmed that Peter Kurland, a four-time Oscar-nominated sound mixer who sits on the Cinema Audio Society’s board, has resigned from the Academy of Motion Picture Arts and Scien…
Baca lebih lajut »
Jan. 6 committee moving to refer Trump aides Peter Navarro and Dan Scavino for criminal contemptPeter Navarro, who was an economic adviser under former President Donald Trump, and Dan Scavino, who was Trump's deputy chief of staff, have both ignored subpoenas from the committee.
Baca lebih lajut »
Jan. 6 committee sets contempt vote for Dan Scavino and Peter NavarroThe House select committee investigating the Jan. 6 riot on Capitol Hill will hold a vote Monday on whether to recommend contempt charges against former Trump administration aides Dan Scavino and Peter Navarro for defying subpoenas to appear for depositions or hand over documents.
Baca lebih lajut »
Denver Weather: Warmest Weather In Almost Five Months On The WayColorado's Front Range will experience the warmest weather since early November this weekend.
Baca lebih lajut »