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David Trainer
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Follow me on Twitter: @NewConstructs David is CEO of New Constructs (www.newconstructs.com), an independent research that specializes in unearthing key insights from the Financial Footnotes of Annual Reports. Having analyzed over 50,000 annual reports and their Financial Footnotes, New... More
My company:
New Constructs
My blog:
The Diligence Institute
My book:
The Valuation Handbook
  • S&P Says Ratings Were Never Meant To Be Reliable 0 comments
    Apr 29, 2013 9:48 AM | about stocks: MHFI

    S&P admits its ratings were never supposed to be reliable. How's that for proof you need to do your own diligence?

    In attempt to defend against an SEC suit, S&P says they never expected anyone to believe their claims of objectivity andor accuracy in their ratings.

    Unbelievable...they will stoop to almost any level to save their hide even if they cause you to lose yours.

    www.integrity-research.com/cms/2013/04/2.../

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