Having been a long time active investor I have always appreciated the difference between "analysts" who are really sales people and true analysts who have a state in the game. MV makes a wonderful analogy/comparisons of these two types in recruiting with the following comment:
"As clear and apt a comparison I can think of regarding coaches vs. recruiting gurus is to go back to the old stand-by: finance. Recruiting gurus are like the guys selling subscriptions for their "stock picking strategies," whereas college coaches are asset managers. One of those two has skin in the game with whom they pick with deep consequences for being wrong, whereas the other does not."
There are no Warren Buffetts at the recruiting services or probably anybody close.
"As clear and apt a comparison I can think of regarding coaches vs. recruiting gurus is to go back to the old stand-by: finance. Recruiting gurus are like the guys selling subscriptions for their "stock picking strategies," whereas college coaches are asset managers. One of those two has skin in the game with whom they pick with deep consequences for being wrong, whereas the other does not."
There are no Warren Buffetts at the recruiting services or probably anybody close.