Amateur analysts can do as well as the pros on Wall Street – sometimes even outshine them.
Horace Dediu – a blogger writing from his home in Helsinki – is the most accurate analyst covering Apple Inc.
An ex-Nokia Oyj worker, Dediu has published on his blog the most accurate estimates about Apple for the past four quarters, beating professional analysts from reputable companies like Morgan Stanley, Citigroup and Deutsche Bank.
This is based on a tally maintained by another blogger, Daniel Tello.
According to Adam Satariano of Bloomberg,
“Dediu and Tello are part of a cadre of amateur analysts who study Apple and post their insights on personal blogs and websites such as Mac Observer’s Apple Finance Board. Their accuracy projecting Apple’s performance — data that can help predict stock movements — is giving investors a free alternative to Wall Street and creating a rivalry with the pros.”
Tello says that “Competitiveness with Wall Street analysts is a natural consequence of us bloggers backing each other as the
‘underdogs.’”
Read the full story on Bloomberg.
Tags: Apple
Interesting story. A morale booster for all the bloggers out there doing their personal research and posting their findings. But this guy’s gone to Harvard, so he’s as qualified as any of the pros at Wall Street.
Yeah, I suppose the Harvard MBA helps. But at the end of the day, it’s the accuracy of the predictions that counts. And his certainly came out tops.