The Information Age

It is fantastic to be alive in the information age. We cognize in a matter of seconds the change in the value of gold in Switzerland, the death of a human race leader or the birth of a provincial in Israel.

We are inundated with facts and figs and the emotional trials of both celebrated and ill-famed people. Can we possibly absorb all this? Bashes it assist us in our day-to-day lives?

When you get to analyse it you recognize all this information is just an agglomeration of material and incorporates no wisdom. If you were to memorise the Encyclopedia Britannica would that do you wise? Not really. You might cognize all about everything and you could reply inquiries on any subject, but unless you could correlative the facts and understand their interaction it would be of not much usage at all.

I am in the financial industry. Would it assist me to do more than money to have got memorized the Morningstar Manual? Oh, I would cognize the pe ratios and earnings of every company and a batch more, but will all that information state me if the terms of a company's stock will travel up? Again, not really.

Wall Street have the public believing the myth that you must make research; happen out everything about a company, its rivals and that industry. Now that you have got done that and all the figs state that according to conventional wisdom this is a "good" company makes that average the stock terms will travel up? Not really. When you make your historical survey you will happen there is hardly any correlativity in terms grasp and the fact it is a "good" company.

Financial research is worthless. If it were wisdom everyone would be rich.

The ground Wall Street brokerage companies take a firm stand you do nonsensical research is so you won't litigate them when their "recommendations" don't make you any money. There is only one thing you really need to know. Are the terms of the stock steadily going up? The simple manner to make this is to check the weekly shutting terms for the past respective years. You can get this information at the library. If it have a nice steady upward way what more than make you need to know? Everything that is known about this company is reflected in the last terms transaction. In that terms you are seeing all the world's research.

Information per se is not wise. It is the intelligent application of information that is wisdom. Apply your ain common sense wisdom. Don't listen to Wall Street.