Sun Rising Through Clouds

Too Optimistic? How Analysts’ Biases Affect Bond Prices

Bond analysts have their own predisposition, and new research shows that the longer they cover a company, the more optimistic — and inaccurate — their ratings will be.

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Smart Quotes

“If you subsidize new technology, you’re taking risks, and a lot of times you will fail. And then you lose the money — but that’s the whole point.”