Friday, August 26, 2011

Anyone Who Still Believes That Wall Street Analysts Can Produce Unbiased Advice I Have a Bridge in Brooklyn to Sell You

AIG Gets Tough on Analyst Views

Lets assume for a moment that research analysts can actually predict what stocks to buy and what stocks to sell. The bottom line is, and will always be, research is not a profit center, investment banking is. Do you want to be the research analyst who blew your firm's chance to get in on investment banking business with AIG come bonus time?

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