The skill of financial analysts

There are probably many of you who have wondered why analysts can be so consistently wrong about some stocks or the stock markets in general. A good example is the chronic undervaluation of JBH as a business.

Let's go back to high school for a moment. As many probably know already the top performing students with a sky-high atar tend to go to med school. This is where we would most likely find the most hard working and high IQ students on average. Just below that layer is law school, by-and-large populated by students who could not quite make it into med school. Business is one of several categories below the law-school level. This means that eg financial advisors, environmental scientists etc etc are not only med-school rejects but law school rejects as well.

Something to think about perhaps with governments world-wide striving towards a fossil fuel-free future guided by a collective or STEM researchers that, sadly, were not anywhere near capable enough to become a doctor or a lawyer.