Friday, July 10, 2009

Pixar 10, Wall Street 0

A few months back, I chastised Wall Street analysts (who were unable to mind their own store) for trying to become movie critics by predicting that Pixar's Up would be a flop.

They were wrong. Again. But at least one has apologized for the error.

As Brooks Barnes reported in yesterday's New York Times, analyst Richard Greenfield of Pali Research admitted to being "dead wrong" in predicting that Up would flop.

If only Wall Street were as forthcoming about all its mistakes.