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Dare an insight??

It is so easy being an analyst. Just learn few ratios, equations, know how to read the stock-pages and voila, you are an analyst.

2+2=4.

It doesnt take a genius to figure that out. Nor does it take a genius of analyst to figure out 6PE is undervalued and 50PE is cliffhanger. He is not a true-blood analyst who does not downgrade after the fall, and upgrade after missing half the boat ride. It doesnt take a genius too, to figure out if the growth of company A is more than company B, the A has to relatively valued more than B. ("Relatively" - ah such a beautiful word. Einstein's word)

If you look around these days every other person is an analyst. A Equity Analyst. A derivative analyst. A technical analyst. A _________ Analyst. Fill in whatever you want in the blanks, and you will see you can locate that analyst in five minutes.

Honestly, it is very redeeming for me, because when I wanted to become an analyst, there was no guarantee if it was a right choice. I am redeemed now, because it has become so fashionable. Even I would like to add a prefix or two :)

But sadly, with the commercialization (for the want of the better word) has made the analysis so routine, so predictable, so textbook, so linear, sorely lacking original insight, a Ctrl C - Ctrl V analysis, no tough questions asked nor silly answers given, no stand taken, no neck stuck out, I-am-a-analyst-but-its-not-my-money slackness, instant gratification, devotees of CNBC talking heads.......

What I see lacking in the many new analysts is the desire to penetrate the deep questions. The questions that don't have an answer. Perhaps there is no answer. But the question is worth asking in its own right. And the reward for such a question is the pure bliss of letting your thoughts break through the myths and maze, and breaking new grounds. The greatest reward is to ask the question itself. Exploration.

Dare take a step beyond the PEs and the EVAs? Dare dig deeper into the MACDs and the like? Dare question the Elliots and Ganns? (after-all in their times, they questioned?) Dare take a peep into the future?

When you stop questioning it becomes routine. And Markets, of all the things in the world, is not routine. Its non-linear, disruptive, dynamical, non-deterministic and chaotic. But within in this disorder there is a beauty, that can be reached by asking some deep (essentially silly) questions. By daring to stand a step away and taking a different view. If everyone started asking these questions, WOW! that would be fun :)

Random musings

:) Falkor

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