Assignment task:
If you choose Case 3B: Tremblant Capital Group: Write a short report (not more than 5 pages, double-spaced), developed around the following questions: 1. What types of biases prevent analysts from updating their forecasts quickly? 2. Do you think investors can exploit these analysts' biases even now? Why or why not? 3. Why do analysts behave in a less sophisticated manner than institutional investors? 4. Are there other market participants who exhibit similar behavior? Are there any pricing implications of their slower reaction?