Sunday, July 01, 2007

Magazines get it late.

The annals of obvious research presents this bit: Are cover stories effective contrarian indicators?

Apparently by the time magazine covers feature a company outperforming its competition, most of the trend is over. Well, isn't that blindingly obvious? A magazine article is supposed to analyze past events and make for interesting reading, and almost any event is best explained in hindsight when all the facts are available, not in real time while it unfolds and some or most of the key facts are hidden from public view.

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