The results show that even the best prognosticators out there aren't all that infallible -- Michael Pachter, Jeetil Patel and Mitshuhiro Osawa all top out the scale at 60% correct. That might not sound so good, but it looks absolutely glowing when compared to Billy Pidgeon's dismal 10% truthfulness rating (with 20% still to be determined). Want to avoid his ignominious fate? Just be like Piers Harding-Rolls and predict stuff so far into the future no one can tell how accurate your calls are until you've moved on to used car sales or something.
The full piece takes an interesting look behind the scenes in analyst-land and provides some good reasons to be cautious of all those stories with headlines that start with "Analyst predicts ..." Do yourself a favor, take a few minutes and give it a read.
