My favorite post from this week’s Carnival of Capitalists comes from View from a Height in an article entitled “The Morningstar Empire Strikes Back…”.
That’s right, some research the author helped on that investigated Morningstar’s classification system has gotten a response from the company itself. Statistical proof, going against the mainstream, I love it. (Of course, that their findings fit with my recent post on obfuscation in finance and business terminology doesn’t hurt, either!)
Both articles are worth reading, and they make cogent arguments as to why a commonly used classification system may not be all that great.
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