"Hopefully, my objective review of the data and willingness to change my mind provides some degree of credibility on this topic."
That statement is positively critical to being an analyst.
Permabulls and permabears are infuriating - when the trend goes their direction, it makes people believe them for the long term. However, when the trend works against them, their "analysis" is simply conjecture and worthless, causing any of their followers to LOSE money and/or miss out on huge buying opportunities.
The industry is filled with novices who will accuse analysts who change their perspective as "flip-floppers."
People, the markets go up and down. If you're not changing your perspective, you're doing trading, investing, and, most likely, even your life, wrong.
"When the facts change, I change my mind. What do you do, sir?"
"Hopefully, my objective review of the data and willingness to change my mind provides some degree of credibility on this topic."
That statement is positively critical to being an analyst.
Permabulls and permabears are infuriating - when the trend goes their direction, it makes people believe them for the long term. However, when the trend works against them, their "analysis" is simply conjecture and worthless, causing any of their followers to LOSE money and/or miss out on huge buying opportunities.
The industry is filled with novices who will accuse analysts who change their perspective as "flip-floppers."
People, the markets go up and down. If you're not changing your perspective, you're doing trading, investing, and, most likely, even your life, wrong.
"When the facts change, I change my mind. What do you do, sir?"
Thanks for another great post, Caleb!