Existing studies have argued that market-wide sentiment primarily affects individual noise traders, rather than other sophisticated market participants. Contrary to this perspective, in this study, we find that financial analysts, who are sophisticated market participants, may be more vulnerable...

Introduction -- Our 12 timeless rules of investing -- The "waking giant" of the 21st century is set to power the world's economy and investor returns -- How enormous fortunes will be made behind the Great Wall -- Author biographies -- Here's how to get updates on every recommendation in this report?