pochovilla

David Einhorn: The Irony of It All

Transparency, eh? Possibly not in our lifetime. What makes a good analyst is the ability to dig beyond the annual report, 10k and public information and reconstruct the "quality" of the balance sheet. That's were winners and losers are. It's a great deal of homework combined with experience, knowledge and staying power to be best in class.
Too much financial guidance today results from drawing conclusion by connecting two dots (gimme a chart) and declaring victory, not to mention massive conflicts of interest and lack of independent thinking. Just look at the majority of Seeking Alpha "scribings" or for that matter most "journalistic" efforts. The state of journalism is on par with GWB's Presidential ratings.
Good article. Remember "pioneers" are the guys who get arrows in their back, but they are the true leaders.
Aren't attorneys just wonderful?