Finding Great Growth Companies with David Rolfe
Excess Returns
00:00
The Importance of Consensus Estimates
Wall Street gets the earnings most, you know, is it pretty highly accurate? Because a lot of these companies have like 30 or 40 analysts covering them. If management is decent and managing, they probably have a pretty good idea of what the next quarter is going to look like. Those consensus expectations collapsed because Zuckerberg said, we're going to spend like drunken sailors,. so you take the hatchet to it.
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