Can You Spot the Expert? - Company Business and Marketing
Industry Standard, The, Feb, 2001
Can You Spot the Expert?
Sure, the stock market spent most of 2000 in
a serious funk, but nothing that the
superstar analysts of Wall Street couldn't
predict, right? Not quite. Last year the pros
got slammed, but the best amateur analysts on
financial site iExchange.com turned a handy
profit. Here's a look at how some top
amateurs fared against their famous
counterparts:
Average Return
AMATUERS Per Pick [*]
Dr. Wall Street 12.05%
New Paradigm 98.33%
Yogi 134.22%
PROFESSIONALS
Henry Blodget -53.09%
Mary Meeker -47.95%
Abby Joseph Cohen 3.30%
Description
AMATUERS
Dr. Wall Street This teenager, who comes from a family of
financial professiona,s preaches diversity
and long-term growth.
New Paradigm These two West Point grads like high-risk
companies that are transforming the new
economy
Yogi The legally blind former computer programmer
makes most of his income from stocks. He
bases his picks on conversations with select
company officers.
PROFESSIONALS
Henry Blodget The Merrill LYnch analyst rode to fame as the
Net's biggest booster. He once predicted
that Amazon would hit $400 per share.
Mary Meeker The Net's queen bee was stung in 2000 by
disasters like the declining health of
WebMD, one of the companies she helped
Morgan Stanley Dean Witter take public.
Abby Joseph Cohen The chief U.S. portfolio strategies at
Goldman Sachs has a reputation as the
reigning bull of Wall Street.
Top Pick [*]
AMATUERS
Dr. Wall Street Commerce One (CMRC);
300% return; picked 12/04/99
New Paradigm Rambus (RMBS); 420% return;
picked 12/13/99
Yogi Illinois Superconductor Corp.
(ISCO); 1363% return; picked
12/31/99
PROFESSIONALS
Henry Blodget Amazon.com (AMZN); -1.59%
return; renewed pick 11/28/00
Mary Meeker Amazon.com (AMZN); -11.43%
return, renewed pick 10/11/00
Abby Joseph Cohen Starbucks (SBUX); 38.28%
return; picked 01/29/00
(*.)DEC. 1, 1999 - DEC. 1, 2000.
SOURCES: IEXCHANGE.COM AND VALIDEA.COM
COPYRIGHT 2001 Standard Media International
COPYRIGHT 2001 Gale Group
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