I was just skimming through an article about Gawker when this quote from Nick Denton leapt out at me:
But Denton, who studied economics at Oxford and co-wrote a book about the collapse of Barings Bank, refuses to discuss figures. ‘I’ve never had any financial projection,’ he says. ‘You only do that when you are trying to con people out of money.’
That’s what I’ve been trying to tell fundamental analyst friends for years! 
