What industry do you think is hardest to analyze?

THIS. I hate financials. REITs too. I hate REITs.

In summary and based on the responses provided above, the hardest-to-analyze industry is the one you know nothing about.

Not sure if you realize this, but you just proved my point. That is what sunk COH.

http://www.washingtonpost.com/news/wonkblog/wp/2013/10/23/coach-22-can-a-handbag-be-luxury-if-everybody-owns-one/