Bluffton Macro
Macroeconomic Musings
Monday, May 17, 2010
The Triumph of the Stupidly Optimistic
The Triumph of the Stupidly Optimistic
How many jobs are there where being wrongly optimistic for ages gets you promoted? I offer you ... equity analysts, who have, on average, overestimated S&P 500 earnings by 2x for a generation.
No comments:
Post a Comment
‹
›
Home
View web version
No comments:
Post a Comment