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Don’t Trust Stock Research

March 23, 2016

Investing is hard work. Little wonder that many principals (e.g., individuals, pension funds, and university endowments) seek guidance from highly-trained agents (e.g., research analysts and strategists) to help them determine how to allocate capital. However, while relying on expert opinion may provide some psychological comfort to owners of capital, the fact that most of us either choose …

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