Open answers and “stump the analyst”

Open answers and “stump the analyst”

As an expert, you should almost always have an answer to clients’ questions. And you should also be ready to acknowledge when you might be wrong. You must develop the skill of “open answers.” Playing “stump the analyst” When I was a technology analyst at Forrester, clients expected me to be answer any question within…

Financial strategist market forecasts are worthless, but not useless

Financial strategist market forecasts are worthless, but not useless

In Sunday’s New York Times, Jeff Sommer complains that financial strategist forecasts for market returns are terrible. They are. But they are a little better than guessing. And they have value nonetheless. Sommer’s critique Sommer thinks the forecasts of economists and financial strategists are way off. Here’s his critique: [T]he stock and bond markets are swinging haphazardly,…

Beware of analysts and “thought leaders” flogging trends

Beware of analysts and “thought leaders” flogging trends

People who thrive on attention — analysts and “thought leaders” — will tell you about what’s new and on fire. Making long-term decisions based on that is likely a mistake. If you’re not on top of a trend, you’re nobody Imagine for a moment that you are trying to be a thought leader. This includes…