Brian Hall On Gruber's Responsibility
If Gruber touted Zaky, should he share some of the blame for the losses when Zaky led investors astray? That’s hard to say. But it seems that Gruber’s knowledge of Apple products didn’t give him special insight into Apple’s stock price.
The real lesson? Be careful where you get your advice.
Saying Gruber is to “blame” is unfair. ‘Blaming’ Zaky for making others lose money is also wrong. At the end of the day, everybody is just offering advice. In the last week, everyone has put the heat on Zaky’s recent blunders, but you could make similar articles about any ‘analyst’. Bear or bull, it is two sides of the same coin.
Go back in time to 2009 and you can criticise anyone who was bearish on Apple; they lost their consultee’s money by telling them not to invest in $AAPL at that time.