Australia's largest stock trading and investment forum Australia's #1 stock forum

QIN

0.00%

29.5¢ quintis ltd

Brokers, even global top institutions are managed by human:D...

First 84 Last

Share
Profile

Follow
8horse

34,330 Posts.

9055

12/05/17

09:10

Post #: 24643866
Share

Originally posted by madamswer ↑

"well actually they say specifically that you should no longer rely on their previous recommendation (of speculative buy, 3.38). In broker speak that's as close to a 'run for hills' as it gets!"

Sure, now that the damage is done the broker undergoes a sudden masquerade of being prudent. My 10-year old nephew could do that.

I see there's lots of hate for brokers here, but they're just salespeople - in the industry they are referred to as the 'Sell side'. They shouldn't be compared to a doctor or a lawyer, their advice should be compared to that you'd get from a car salesman or a travel agent.

The difference being that if I come back from the car lot or the travel agent I have in my possession a car or an airline ticket. And, in the overwhelming majority of cases, the car goes for a few years or I have a successful flight that lands in my chose destination city.

Based on the simply woeful track record of stockbroker Target Prices, extending your car salesman/travel agent analogies, it would be like 1 out every 2 cars bought from car salesmen having a wheel fall off or an engine blow up within the first year of ownership, or you ending up in up in a totally strange city, to your selected travel destination, on every other flight.

Can you show me a single stockbroker who stands up and says, "We are hosting company XYZ on an investor roadshow for the purposes of raising capital for them. But because we always want to act in the interests of our clients - truth be told - we really think the business model is flawed and we don't trust the management."?

Expand

Brokers, even global top institutions are managed by human
Warren Buffet, George Soros, have made mistakes because we are human beings.
Citi, Lehman Brothers fell during GFC.

Someone was right, but might be here for serving their own purpose.

QIN Price at posting: 46.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

FEX

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

BRX

Belararox delineates another porphyry in Argentina at Tambo South

EMD

Emyria's Empax Centre chosen for mental health clinical trial

GT1

Green Technology hands the helm to Henry

CBL

Drove autonomous wheelchair gets TGA approval