McKinsey research shows that equity analysts have been overoptimistic for the past 25 years. They have forecast, on average, nearly double the actual earnings-growth rates with their estimates ranging from 10 to 12 percent annually compared with actual growth of 6 percent. Yet the CFA’s (Certified Financial Analysts) who abound in these role are such analytical people who eschew emotion in assessing companies. Who would have thought…see http://bit.ly/dzzhVm