Why Wall Street Lies and How You Can Defend Yourself
The job of a financial analyst is simple: They write reports and issue an investment recommendation to either buy, sell, or hold a stock. To me, that sounds like an exciting job that would pay an honest wage. Unfortunately, a guy by the name of Henry Blodget was exposed for all that is not-so-exciting and dishonest about this trade.
Blodget rose to fame during the dot-com years when he predicted the share price of Amazon, a new Internet retailer, would hit $400. His predication rang true as the stock shot up...