2min chapter

The Compound and Friends cover image

We Have Lost All Sense of Decorum

The Compound and Friends

CHAPTER

The Truth About UBS's Targets

Some of these guys will adjust their targets like into the fall. They adjusted forward where the market is already. I think you just have to like publish the last two years of like with a line scratch through the new one over and over again, showing how many times you changed it. If you look past these targets, a lot of their research is still pretty good. And a lot of them will continue to like their fundamental arguments are still really robust. It's just that they had the wrong multiple on the wrong earnings.

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