September 8, 2008 The electronic reader industry has promised a lot for a long time and
despite bullish forecasts, has yet to make mainstream status.
How do you account in your model for the findings of multiple researchers that,
despite all the work undertaken by those forecasters, their
forecasts are too optimistic (see, for example, Roy Batchelor's «Bias in macro economic
forecasts,» McKinsey's «Equity Analysts Are Still Too
Bullish» — be sure to check out Exhibit 2, which is absolute shocker — and more recently JP Morgan Asset Management's March 2013 chart in my post)?