CNBC reported that, according to Saxo Bank analyst Kay Van-Peterson, the price of bitcoin “could hit $100,000” in 2018. This is a good time to ask, “Where do numbers like this come from?” Broadly speaking, analysts use detailed analysis and models to identify what is happening and predict what will happen. But what is the…
Truth is more important than anything else. Without it, all else crumbles. When I was a child, if you did something wrong, you got in trouble. But if you lied about it, it was much worse. If you told the truth about it, sometimes you wouldn’t get punished at all. “You told the truth —…
On New Year’s Day, Gene Munster, former Piper Jaffray analyst and currently a venture capitalist at Loup Ventures, predicted that Amazon will buy Target. This prediction got picked coverage in hundreds of publications yesterday. Let’s look at why analyst types make predictions like this, how accurate those predictions are, and what they do for the…