Amateurs Beat "Experts" in Predicting Apple's Financials
"Now that Apple's 1st quarter financial performance has been revealed, it's time to revisit predictions made by amateurs and pros alike. Fortune's Philip Elmer-DeWitt did just that, and found that the novices out-guessed several high-priced heavyweights."
Impressive, but really when you get right down to it, what makes an "expert?" If it is someone that studies the markets and educates themselves about companies, then they are all experts. At least that is the way I look at it, and the only difference between these two groups is that one group is paid to be an expert, the other group does it voluntarily.
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