When analysts get it wrong

One of the analyst's our club often reads is Jim Jubak from MSN Money. Here he discusses why his portfolio did so poorly in the second half of last year. Unlike Buffett, Jubak is a very active trader. He made bets based on what would happen to the economy and was slightly off, losing a good chunk of change. According to the site, he is supposed to be the most read money writer on the web. So I think this confirms that analyst picks are a crap shoot. Also I think it is a good warning to everyone to really do our homework and not get cocky about stock picking. Right now with everything so low, it will be pretty easy to make money for the next year, and one shouldn't get overconfident and continue to learn and invest in an intelligent manner.