Standard&Poor argued in court that no investor is stupid enough to take their claim that they have integrity at face value. Why do you think Novus has a reputation worth trusting?
Because Novus depends on their reputation to make money based on accurate information, whereas S&P make money based on their ability to present information in a charmng light. Different incentives.
Reputation and consistency
Standard&Poor argued in court that no investor is stupid enough to take their claim that they have integrity at face value. Why do you think Novus has a reputation worth trusting?
Because Novus depends on their reputation to make money based on accurate information, whereas S&P make money based on their ability to present information in a charmng light. Different incentives.