Too much of a good thing? On the futility of market research
A glut of research today may be less helpful than it seems. The Reformed Broker hopes analysts will start taking better advantage of datasets and improved transparency in order to bring a more novel research product to market.
A glut of research today may be less helpful than it seems. The Reformed Broker hopes analysts will start taking better advantage of datasets and improved transparency in order to bring a more novel research product to market.
Zero Hedge posted some recent commentary from Nicholas Colas (ConvergEx) that discusses the way forward for equity analysts once this macro storm abates.聽 I particularly liked the intro, in which Nic lays bare the problem for all to see, the utter pointlessness of so much research today:
That about sums up the last three years or so.
Colas is optimistic that analysts will start taking better advantage of datasets and the transparency afforded us in the internet age in order to bring a more novel research product to market.聽 Or failing that, they could just continue to rely on "management access" until the last guy out turns off the light.聽 Whatever, LOL.
Head over for the whole thing and read it when you have some time.