It’s “an article of faith among Wall Street research departments,” wrote David Dreman in Contrarian Investment Strategy (1979): “nothing is as important in the practice of security analysis as estimating the earnings outlook ... Forecasting is the heart of most security analysis as it is practiced today.” More than 40 years later, not just in Wall Street but around the world … [Read more...] about How experts’ earnings forecasts harm investors
Archives for July 2022
Leithner & Co Preliminary Half-Year Report
Dear Leithner List Members, Linked below is the preliminary Half-Year Report, distributed to shareholders last week, summarising Leithner & Co's operations and results for the six months to 30 June. Not just despite the market’s turmoil and volatility, but also because of it, our conservatism continues to produce strong and stable outcomes for our investors. If you’re … [Read more...] about Leithner & Co Preliminary Half-Year Report