Massive Panic in Shorters Today, page-7

Umm they make steel i know that ... what are rail lines made out of ... steel mate.

I am with you on this one.

Analysts are a waste of time. The quality Fund Managers do not listen to them.

"The out-of-touch expert is part of a growing crowd on Wall Street. Analysts spend more and more time selling and defending ideas to their superiors and/or clients, and less and less researching ideas. It's unusual to find an analyst who calls several companies each day, and even rarer to find one who gets out and visits them" Peter Lynch

"Analysts are competent gatherers of facts and figures, but few can be relied on for much more" Ralph Wanger

"I'd prefer not to know what the analysts think .. it clouds one's judgement - I'd rather be dispassionate" Peter Cundill

“Analysts permit ‘earnings guidance’, which is controlled by the corporations to influence their decisions, and they don’t take the long view” Leon Levy

"There’s been far, far, far more money made by people in Wall Street through salesmanship abilities than through investment abilities." Warren Buffett

 “I don’t read analyst reports.  All in all, I prefer to read “raw” financial reports and talk to industry representatives.”  Warren Buffett