I have to say,WallStreetDog is absolutely right in terms of what senior management people have. Usually director-above never cares how the fancy model works - all they care is whether the model can give them some confidence in their gut feel. Investment industry is as described by Rob Shiller or Greenspan, "irrational exuberance". Quantitative analysiswill not give you competitive advantage over others as every analysts receive the similar education in stock evaluation and analysis. The competitive edge is therefore more related to discretion over the same information.
I can only trust 10% of the quantitative analysis, but 80% of my gut feel and 10% of luck.
