Apple’s stock has been hammered in recent months because the company fails to match the financial performance expectations of stock market analysts, while exceeding their own guidance. Who’s monitoring the monitors? Phillip Elmer-DeWitt in CNN Money. The table of analysts are an indictment against the industry that seems hell bent on bringing Apple down.
What made the exercise particularly interesting — at least in the early years — was that the more bullish amateurs tended to beat the conservative pros, often by a embarrassingly wide margin.
In other words, the paid professionals miss the mark far more often than amateurs (or blindfolded monkeys).