Let’s say that a bank such as Goldman Sachs publishes a recommendation to “Buy Stock X”.
It’s hard to ignore a bet by a powerful investment bank such as Goldman. We are mere mortals in the pecking order, and they are supposed to be the all-knowing smart money from Wall Street.
Do we buy the stock, or is it simply wiser to pass
Source: http://www.visualcapitalist.com/banks-screwing-up-stock-picks/
