When you have a history of failing and than you go and call Crosby second rate. It is actually quite catastrophic, it proves (again and again) that they have zero idea of the market they are in.
I guarantee that at least some of them would have been fired if they made the same magnitude mistake in the opposite direction, though, and unless they have specific safeguards to avoid overestimate that aren’t in place for underestimates, they WILL.
You wouldn’t happen to work in PR, would you? Because the way you keep insisting on focusing on something completely irrelevant to the criticism while still briefly acknowledging the criticism as an aside is actually quite dextrous and would probably work on a lot of people 😄
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When you constantly miss though…
Where’s the good estimates? That’s the concerns people are having.
The issue isn’t THAT you missed. It’s WHY you missed.
That’s kinda like saying an engineer builds good bridges and bad bridges.
Ok, not that, but it’s still their job to get almost all predictions at least CLOSE to right, so this is the definition of failing to do their job.
Maybe, but most prediction based jobs have a middling success rate.Missing this big is always significant, but not catastrophic in this case.
When you have a history of failing and than you go and call Crosby second rate. It is actually quite catastrophic, it proves (again and again) that they have zero idea of the market they are in.
I guarantee that at least some of them would have been fired if they made the same magnitude mistake in the opposite direction, though, and unless they have specific safeguards to avoid overestimate that aren’t in place for underestimates, they WILL.
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You wouldn’t happen to work in PR, would you? Because the way you keep insisting on focusing on something completely irrelevant to the criticism while still briefly acknowledging the criticism as an aside is actually quite dextrous and would probably work on a lot of people 😄
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Not in this specific situation, but their repeated failures should maybe tell them that their view on the market is incorrect.
History keeps repeating itself with them.
Physics aren’t quite as fickle as people’s tastes.