Investors are largely powerless in determining the degree to which an analyst’s results are a function of skill—and how much they are attributable to plain luck.
E. Matthew Van Winkle, PhD
E. Matthew Van Winkle, PhD, is Director of Research and Principal at Voyant Advisors, an independent equity research firm which he has been associated with since 2007. Dr. Van Winkle was formerly a faculty member at the W.P. Carey School of Business at Arizona State University. His academic work includes, “Percent Accruals,” The Accounting Review and “Motives for Disclosure and Non-disclosure: A Framework and Review of the Evidence,” Accounting & Business Research. Previously, Dr. Van Winkle was an Associate with PricewaterhouseCoopers LLP. He also holds Master of Professional Accounting and a Bachelor of Arts degrees from the University of Washington and is a Certified Public Accountant.