Pros
An analyst can complete his -- and I mean HIS, there are virtually NO female analysts -- work in an hour or two each day. That leaves time for many other pleasurable activities. Eventually VL analysts find they have lots of free time to look for better jobs. They find those better jobs and leave, creating the turnover that opens the door to more entry-level analysts.
Cons
The business is shrinking. The Internet is killing it. Fewer and fewer people subscribe to the main publication because the same information is available for free elsewhere. VL does not create new products that are successful. New products rarely pull in enough revenue to cover costs. Some are dismal failures. There has been no growth in the mutual fund business, a sign of the managerial incompetence of ONE person -- the CEO.