Last but not least: Bloggers are the better analysts
The analyst with the most accurate forecasts for the computer company Apple Inc. isn't based on Wall Street. No, he's a blogger who writes from home, and when he looks out the window, he sees the Baltic Sea off the coast of Helsinki.
According to Welt.de, the man's name is Horace Dediu, he is a former employee of Nokia Oyj and describes himself as an "entertainer". And he has made the most accurate estimates for Apple in the past four quarters. He was better than analysts from companies such as Morgan Stanley, Citigroup or Deutsche Bank. And even after the presentation of the latest quarterly figures, Dediu is still ahead. This is shown in an overview compiled by another blogger, Daniel Tello.
The supposed disadvantages of bloggers, namely limited resources and less information, are actually an advantage, Dediu is quoted as saying on Welt.de. Those who do not have access to information that is not publicly available have to think in a more concentrated way. Dediu adds that he also evaluates the figures from the company's own reports with a little more attention. Dediu disregards the market share figures used by other analysts. These are too prone to error, he argues. And his success proves him right.
