No qualifying author-owned investment thesis was confirmed in this post.
no investment thesis
Comments1
▶ Full Post Text
I feel like the public gives a lot of attention to so-called “analysts’ targets.”
From my experience, listening to “analyst consensus” has led me to make some of my worst investments (even though I didn’t follow it that closely). More importantly, it also made me miss out on buying stocks before they pumped heavily, despite my own research and intuition. I have many examples of this.
I think some of you already know this, but these people are not bound to any results. They are not liable if you invest in a falling knife or anything like that. They are paid by their employers, which naturally introduces bias into their investment views and strategies.
Also, someone who truly knew how to time the market would probably already be a millionaire (if not more) and likely wouldn’t be publicly sharing their trades with their junior-analyst face all over the place.
I believe this is a good reminder that your investments are YOUR responsibility. No one else is responsible for your money. The market is a place where, generally speaking, someone has to lose for someone else to win.
So always take any information you read with caution, and avoid reacting impulsively.
What lessons did you learn?