Why We Have So Little Respect For Wall Street Buy/Sell Recommendations

Understanding the next few paragraphs is one key to understanding our investment strategy.

Wall Street analysts have an immense amount or knowledge about the companies and industries they follow.  We learn a lot when we read their reports.

Wall Street analysts are very well educated, generally good neighbors, and very nice to their families and pets.

Wall Street analysts believe in almost none of the value investment principles we believe in.  Therefore, it is not surprising that their recommendations are of little value to us.

Wall Street analysts get paid to write buy recommendations.  Buy recommendations generate trades, and it is trades that generate revenue.

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