Guest valueInv Posted November 26, 2013 Share Posted November 26, 2013 http://www.businessinsider.com/29-dumb-things-finance-people-say-2013-11 Link to comment Share on other sites More sharing options...
tombgrt Posted November 26, 2013 Share Posted November 26, 2013 Haha thanks for sharing ValueInv. Link to comment Share on other sites More sharing options...
Liberty Posted November 26, 2013 Share Posted November 26, 2013 3. "Earnings missed estimates." No. Earnings don't miss estimates; estimates miss earnings. No one ever says "the weather missed estimates." They blame the weatherman for getting it wrong. Finance is the only industry where people blame their poor forecasting skills on reality. 4. "Earnings met expectations, but analysts were looking for a beat." If you're expecting earnings to beat expectations, you don't know what the word "expectations" means. These two. So crazy how so many businesses are managed to hit analyst estimates rather than what is best for the business in the long-term... Our civilization would allocate capital much more effectively if these 'targets' didn't exist. Link to comment Share on other sites More sharing options...
fareastwarriors Posted November 26, 2013 Share Posted November 26, 2013 But I think it's great for long term investors. When a company "misses" an estimate, the price usually drops thus allowing investors like us to add to a position at a lower price. I love the financial media industry and the sell-side analysts. They help cause greater price volatility and volatility is my friend. Link to comment Share on other sites More sharing options...
Liberty Posted November 26, 2013 Share Posted November 26, 2013 But I think it's great for long term investors. When a company "misses" an estimate, the price usually drops thus allowing investors like us to add to a position at a lower price. I love the financial media industry and the sell-side analysts. They help cause greater price volatility and volatility is my friend. Of course. It's like Buffett's comment that maybe he should fund EMT chairs at universities, or something of the sort :D Link to comment Share on other sites More sharing options...
DCG Posted November 26, 2013 Share Posted November 26, 2013 That's awesome. Link to comment Share on other sites More sharing options...
Myth465 Posted December 3, 2013 Share Posted December 3, 2013 This is pretty funny. 5. "It's a Ponzi scheme." The number of things called Ponzi schemes that are actually Ponzi schemes rounds to zero. It's become a synonym for "thing I disagree with." Read more: http://www.fool.com/investing/general/2013/11/14/stupid-things-finance-people-say.aspx#ixzz2mNfZvBSn Link to comment Share on other sites More sharing options...
wachtwoord Posted December 3, 2013 Share Posted December 3, 2013 Hahaha, thanks so recognizable :) Link to comment Share on other sites More sharing options...
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