Why you probably can't rely on a broker recommendation

As many of you will be aware, we have just finished the Intelligent Investor national tour. Firstly, let me say thank you to those who attended and those who came up to say hello. It was my first live experience of the Intelligent Investor community (although 'family' might be a better word) and you made me feel welcome. So thanks again.

During last night's Q&A session someone asked the question about whether you could rely on broker research. To paraphrase, the answer across the panel was 'they contain useful information, but we wouldn't rely on the conclusion'.

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