Part 5/9:
A critical point made during the discussion is the inherent challenges analysts face when trying to forecast amidst a phase shift. The traditional models that analysts lean on are often linear, which leads to significant underestimations of disruptive potential. For example, a revealing statistic highlighted claims that a group of 26 Wall Street analysts provided forecasts on Nvidia that missed the actual figure by a staggering 80%.
This raises questions about the collective accountability and ability of analysts: how could a group systematically fail to anticipate outcomes so significantly? The consistent pattern of being blindsided during moments of transformation speaks volumes about the cognitive limitations present within conventional finance.