Analysts vs. Newsletters: Whose Recommendations Are Best?
by Mark Hulbert
But how bad of a record do analysts really have? How do they compare to investment newsletter editors, who as a general rule do not receive any pressure from investment banking departments?
At an anecdotal level, the case for investment newsletters would appear strong. For example, consider how Wall Street analysts and investment newsletters rated Enron in the months prior to its bankruptcy:
...To continue reading this article you must be registered with AAII.
Already registered with AAII? Login to read the rest of this article.
to read this article and receive access to future AAII.com articles.