In general on this blog, I have not been very kind to stock market experts ( pundits,opinion baazs), you can read through some of my previous outbursts here
In late 1980s, psychologist Philip Tetlock began an important research projects of the past three decades, studying how experts make predictions, who gets things right, and who gets things wrong. His inspiration came from watching experts predict the future of the Soviet Union — an event that very, very few got right. Notably, most of those who misjudged the event wouldn’t even admit that they got it wrong. The book draws one big conclusion: Most expert predictions are the equivalent of random guesses.
The stock market is a perfect to see this unfolding every day, In this post I am showing you just one example but the place is full of such pundits
Last year around April 2016, India’s first e-commerce company was planning to list on Indian bourses (previously makemytrip and others have also listed but overseas) , The overwhelming opinion from expert reviewers of IPO was that issue from Infibeam was untouchable
Let’s look at some of them
Some claimed, Infibeam is unsuitable for retail investors
While few pointed … Read the rest