“Success makes people think they’re smart. That’s fine as far as it goes, but there can also be negative ramifications.” — Howard Marks The investing profession tends to attract individuals who, to put it politely, have a healthy sense of
In this article, we will take a brief look at the “consensus” view regarding Intel Corporation with a focus on Value Line’s latest report on the company. Our purpose is not to make a complete investment judgment on Intel, but to use apparent consensus expectations as an example of where investors may be led astray by relying on presumed experts without doing their own work. In the case of Value Line’s latest report on Intel, we have an example of an extremely rosy forecast unsupported by much evidence.