Re: Anybody seen my Empire Affiliate Busterstacks
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Equity Analysts make money by giving buy/sell recommendations, and are compensated for doing this - not for investing their own money.
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Yea, compensated by the companies they analyze for their bloated recommendations. Companies depend on that to keep the house of cards standing though it obviously doesn't always work as the case of Enron shows. If analysts were required to save 1/3 of their salary in a portfolio comprised of their recommendations and only be able to liquidate a position once their customers had, I wonder how many would stay in that business.
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