The Essential Stupidity of Price Targets

My friend Andy Kessler has a great insider-y post up about the essential stupidity of analyst price targets. Granted, that shouldn’t be a surprise to anyone, but with various analysts noisily playing My Target Is Bigger Than Your Target with Google price estimates, it seems that some investors need to be reminded.

Read the whole thing.

Related posts:

  1. Bidding Under the Google Price Range
  2. Top Ten Stories from February
  3. Do I Hear GOOG $4,000?
  4. The essential futility of MBA programs
  5. Housing: Difference Price, Same Market — No Arbitrage