Discover the hidden gold in brokers' research

Most people believe that brokers' research notes are self serving and biased. But if you use them wisely, they can be a brilliant tool to help your stock-picking. Bengt Saelensminde explains how.

Those research notes that brokers send out are self-serving and biased. They publish them just to generate trading commissions in 'house stocks'. And those stocks rarely perform.

Or that's what most people I talk to believe. And in fact, academic studies seem to back them up. They mostly conclude that brokers' tips are no more likely to outperform the market than a chimp throwing darts at the FT stock listings.

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Bengt graduated from Reading University in 1994 and followed up with a master's degree in business economics.

 

He started stock market investing at the age of 13, and this eventually led to a job in the City of London in 1995. He started on a bond desk at Cantor Fitzgerald and ended up running a desk at stockbroker's Cazenove.

 

Bengt left the City in 2000 to start up his own import and beauty products business which he still runs today.