Originally Posted by anoldanalyst

Being a highly paid analyst at the institutional level isn't really about getting your calls right all the time anyway. I estimate that I had a 60% hit rate, which is considered good. Your success is measured by mainly by the number of votes that the institutional investors give you in a confidential communication between the sellside firm and the buyside institution. There are also other factors like external rankings in Institutional Investor Magazine and services that mechanically evaulate your calls and earnings estimates like Starmine.