November 21, 2013
Stupid things finance people say

A few that you hear on CNBC all the time

"Earnings missed estimates."

No. Earnings don’t miss estimates; estimates miss earnings. No one ever says “the weather missed estimates.” They blame the weatherman for getting it wrong. Finance is the only industry where people blame their poor forecasting skills on reality.

"Earnings met expectations, but analysts were looking for a beat."

If you’re expecting earnings to beat expectations, you don’t know what the word “expectations” means.

http://www.usatoday.com/story/money/personalfinance/2013/11/15/stupid-things-finance-people-say/3582727/

3:00pm  |   URL: http://tmblr.co/Zv4pby-24rFr
Filed under: finance earnings 
September 21, 2012
Wow. Bold advertising. Surprised the sign hasn’t been smashed yet.

Wow. Bold advertising. Surprised the sign hasn’t been smashed yet.

(Source: nevver)

7:15pm  |   URL: http://tmblr.co/Zv4pbyTq1SLH
  
Filed under: finance 
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