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International Investing / Australia (All-Ordinaries)


Subject:  Re: Broker recommendations. Date:  7/30/2001  11:50 AM
Author:  chrischalkley Number:  2357 of 6186

I agree with all the above.

Brokers are primarily salespeople. your longterm portfolio won't pay for this year's car.

Analysts are all too frequently influenced by corporate banking imperatives. At best, they rely on audited reports.

For those who rely on fundamentals, what about the auditors? Who pays them? Who wants to retain the client in future? They have an even bigger vested interest in providing what the management want to publish.

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