The Big Picture » QOTD: Birinyi on Wall Street research

QOTD: Birinyi on Wall Street research

Posted By Barry Ritholtz On October 28, 2011 @ 10:30 am In Analysts | Comments Disabled

Interesting quote from Laszlo Birinyi on Wall Street research:

“One of the dark secrets of the market is we don’t really do much research on Wall Street. I started off on the trading desk. I worked at my job. There were a lot of people who really hadn’t done the work, and what they were saying was very compelling and saleable, but it wasn’t right.”
-Laszlo Birinyi ^[1]

Things have improved, but not all that much.

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URL to article: http://www.ritholtz.com/blog/2011/10/qotd-birinyi-on-wall-street-research/

URLs in this post:

[1] Laszlo Birinyi: http://www.ctpost.com/default/article/Laszlo-Birinyi-talks-markets-protests-Apple-2230721.php

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