samkim
Well-known member
First, most analysts don't rate "almost all" the stocks they cover as outperforming the market.I stand by my statement. Most analysts are wrong. Period.
You keep ignoring my evidence. Perhaps the math confuses you. But it's a simple fact. Since almost all analysts say that almost all of the stocks they cover will do better than the median stock, and since only 50% of stocks could possibly do so, you just need to subtract one number from the other to find out how many are wrong.
Second, most stocks are not covered by any analyst.
Since the stocks they pick comprise a small fraction of the market, it's possible for them to be mostly right.Sure, the stocks go up, but that's not what they are predicting. They are predicting the stocks will rise faster than the median of all other stocks. And it's impossible for them all to be right. Only half the stocks they pick will do so. And since almost none of them are right all of the time, most analysts are wrong.