Pachter: Only The Fanboys Care If I'm Right Or Wrong
See Full ImageAn analyst's job is simple (yet complex): tell journalists and investors what he thinks. ...it has nothing to do with catering to the biased crowds.
Industry analyst Michael Pachter spoke to Game Informer about the subject, and said his job doesn't really involve dealing with rabid fanboys. He reminds us that he has "no stake" in his predictions and essentially, isn't personally invested in his forecasts, so personal attacks are unwarranted. Said Pachter:
"My job is not to talk to journalists, it's to talk to investors. If I say that a Wii HD is coming, it outrages fanboys who think that Nintendo always knows better, but it doesn't particularly outrage investors.
There are a handful of readers who make personal attacks, and I would tell them that I have no stake in the outcome of anything I talk about (I don't even invest in the companies I cover), and most of what I say is just opinion. I don't say things because I hope they come true; I say them because I think they will come true."
He goes on to say that his job is to nail the "big picture," so if he's wrong on a few smaller, less significant things, it doesn't really matter. And it's not that he can't admit when he's wrong; in fact, he's pretty up-front about it:
"I don't think I've gone a week without having an incorrect prediction. Nobody cares if I'm right, except fanboys. My clients are merely looking for a benchmark in front of numbers so that they can assess whether the stocks of the companies I cover will go higher or lower."
Well, the fanboys will always use sales numbers and predictions from professionals to bolster their blind positions but in all honesty, we're surprised Pachter noticed at all. Fanboys only make personal attacks; it's what they do; they're hateful, hostile, insecure people. ...why even bother with them?
Tags: michael pachter, game industry, game analyst
12/23/2010 9:12:09 PM Ben Dutka
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Comments (32 posts)
Need4Speed11_11
Friday, December 24, 2010 @ 12:06:55 AM
Worrying about the wrong things will indeed have you lose focus on the vital components of your job.
And in his case, I don't think fanboys are an important entity to focus on.
2 up, 0 down
ace_boon_coon
Friday, December 24, 2010 @ 3:18:55 PM
2 up, 0 down
Highlander
Thursday, December 23, 2010 @ 10:18:06 PM
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I really hope that it's not only the fanboys that care whether he's right nor not. I would hate to be an investor who made an investment based on his analysis, only to lose everything because I didn't really care whether he was right or wrong, and ignored obvious signs of his wrongness.
8 up, 0 down
Qubex
Friday, December 24, 2010 @ 1:32:20 AM
Q!
"play.experience.enjoy"
3 up, 0 down
Gordo
Thursday, December 23, 2010 @ 10:25:30 PM
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Nothing more or nothing less...
He does however like to self promote himself so maybe if he kept to his day job and didn't pretend to be something that he is now saying he is not, then he wouldn't get as much criticism as he does.
5 up, 0 down
WorldEndsWithMe
Thursday, December 23, 2010 @ 10:33:51 PM
7 up, 0 down
StangMan80
Thursday, December 23, 2010 @ 10:28:41 PM
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For FanBoys... Only fanboys I know are almost always a 360 only owner.
I herd this in my classroom "I'm thankful my 360 broke, because now I can buy the 'new' 360 that came out" ... really... OK.
5 up, 1 down
SixSpeedKing
Thursday, December 23, 2010 @ 10:40:16 PM
If something breaks on me quicker than it should or doesn't perform that well overall I would not be giving them any more of my hard earned money.
Crap should not be rewarded, though unfortunately
there are way too many times that it is. It's relly upsetting sometimes but that is why I do my part to give my money to the companies/people who really deserve it.
Last edited by SixSpeedKing on 12/23/2010 10:45:06 PM
1 up, 0 down
Deleted User
Friday, December 24, 2010 @ 8:52:31 AM
I'll bet in a lot of industries, people are willing to give crappy companies unlimited chances in fear of being ostracized by their peers for turning their back on them for having bad product. In Microsoft's case, we've got a lot of insecure teenage boys who don't want to be ostracized by their peers if they refuse to buy that money pit that is the Xbox 360.
0 up, 0 down
DemonNeno
Friday, December 24, 2010 @ 9:41:58 AM
one great example is a poorly engineered waterpump foe 2.0 & 1.8 vw/audi engines. Not only does the entire front clip ( headlights, radiator support, all accessories, timing belt, etc) have to come or for waterpump replacement, its impeller is made of plastic... Which, btw, were recalled for aluminum units because they melt. past your recall period? That's your own $ 2k problem.
0 up, 0 down
BikerSaint
Thursday, December 23, 2010 @ 11:11:13 PM
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And in Mr T's own words...."I pity the fool"....
.....who uses CabbagePachter's investment advice for his or her stockholder's investments!!!!
7 up, 0 down
Need4Speed11_11
Friday, December 24, 2010 @ 12:20:14 AM
And yes, that comment was hella funny hehe
2 up, 0 down
ed_winchester
Friday, December 24, 2010 @ 9:55:53 AM
Off topic, congrats on winning the competition
1 up, 0 down
spiderboi
Friday, December 24, 2010 @ 10:26:21 AM
Seriously, these "analysts" need to be taught how to play, rather than be commentators without actually knowing the games/ consoles. Sure, they know the business end, but at the end of the day, what determines a good basis for sales?. GREAT QUALITY GAMES/ CONSOLES. So play and experience it rather than just see things from afar.
1 up, 0 down
BikerSaint
Saturday, December 25, 2010 @ 3:18:42 AM
I'm really stoked on playing it too!!!!
Look out speeders!!!!
0 up, 0 down
___________
Friday, December 24, 2010 @ 12:20:56 AM
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honestly, can someone tell me why he gets paid?
he just pulls crap out of his a$$, and 99.9999999999% of the time is wrong.
so can someone please tell me WTF does this guy get paid!?
or lead me to where i can join him?
1 up, 0 down
Highlander
Friday, December 24, 2010 @ 12:25:10 AM
4 up, 1 down
tes37
Friday, December 24, 2010 @ 1:25:42 AM
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Pachter says this, as he speaks to a Game Informer journalist.
"....but it doesn't particularly outrage investors."
Saying something like " The psp2 is going to be dead on arrival", should concern investors.
7 up, 0 down
Alienange
Friday, December 24, 2010 @ 1:28:21 AM
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Do I ask Pachter or the fanboys?
3 up, 0 down
shadowpal2
Friday, December 24, 2010 @ 11:32:50 AM
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Well most of them at least.
1 up, 0 down
Scarecrow
Friday, December 24, 2010 @ 1:15:12 PM
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No one cares about Pachter's predictions.
His predictions are stupid and most of them could be made by 15 year olds.
3 up, 0 down
ace_boon_coon
Friday, December 24, 2010 @ 3:19:32 PM
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1 up, 0 down
BikerSaint
Saturday, December 25, 2010 @ 3:24:23 AM
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I'll bet he's still got his, & it's sitting right there on his workplace desk.
0 up, 0 down
xXxSeTTriPxXx
Sunday, December 26, 2010 @ 4:45:22 PM
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0 up, 0 down
WorldEndsWithMe
Reply
Thursday, December 23, 2010 @ 10:16:03 PM
I don't care what he thinks about fanboys, he should care about how his opinions affect investors or be fired.
Last edited by WorldEndsWithMe on 12/23/2010 10:16:13 PM