08-02-2013, 11:51 AM
(08-02-2013, 11:44 AM)washingtonismoney link Wrote:Think of it as being similar to a ratings agency for a financial security. Basically, experienced hands are supposed to go through the particulars of any given entity and come up with a rating for the rubes. The rating is never going to replace an objective, detailed look at the qualities of a given security (or player), but is good enough if you're a yahoo to get an idea of what's going on.
S&P and Moody's make Rivals, Scout, and 247 look like Hari Seldon.
