fb now worth 4x what it was in aug 2012, when many analysts were saying "i told you it was going down!" do they ever get fired?

Jul 23, 2014 · 9:25 PM UTC

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Replying to @sama
@sama agree that they should get fired, but it isn't "worth" 4x more (price != value)
Replying to @sama
@sama We're trying to help keep track of these guys ( :
Replying to @sama
@sama @pmarca Not to be an analyst apologist, but that comment isn't a prediction. Also, lots of analysts were predicting a rally then, too
Replying to @pmarca
@pmarca @sama There were also many banks that had bullish ratings, and stories about ones that were tied to the IPO. Still, I get @sama's pt
Replying to @sama
@sama It’s not about firing the people, it’s about firing the concept that we can predict the future. Much harder.
Replying to @sama
@sama like so many fairground fortune tellers, we only ever remember their hits and the misses get buried...
Replying to @sama
@sama as far as I know it depends on how often/far they are away from street consensus.
Replying to @sama
@sama analyst value is measured in eyeballs, not accuracy.
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Replying to @sama
@sama yes, analysts are rated. Analyst who lose a favorable rating published by financial press will lose jobs. But it's overall not 1 stock
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Replying to @sama
@sama probably submitting “right to be forgotten” requests to google right now…