*****

INFORMATION AND SHARE MARKET

qqq3
Publish date: Wed, 27 Feb 2019, 03:18 PM
qqq3
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"people want to invest, they want to be successful.......they need to have big dreams, and grit....and of course, knowledge and mind set."
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information

Dictionary result for information

/ɪnfəˈmeɪʃ(ə)n/
noun
  1. 1.
    facts provided or learned about something or someone.
    "a vital piece of information"
    synonyms: details, particulars, facts, figures, statistics, data; More
  2. 2.
    what is conveyed or represented by a particular arrangement or sequence of things.
    "genetically transmitted information"
     
     
     
     
     
    In the process of giving, receiving, reviewing information, there are things to consider..........
     
     
    is it  important?
     
    is it knowable?
     
    is it fake news?
     
     
    In the context of share market, you have to focus on what is important and what is knowable...........
     
     
    A lot of noises out there..........unimportant stuffs, misleading stuffs, unknowable stuffs packaged as known stuffs....the job of a trader/ investor is to builld a strong filter to filter every thing unless it is Important and Knowable. 
     
     
     
    Take for example economic forecasts, market predictions............most commentaries about the future............these mostly fall under the Not Knowable category and need to be filtered out. ( mostly)
     
     
    for a piece of information to be desirable, it has to satisfy two criteria: It has to be important, and it has to be knowable.
     
     
    “We never know what’s going to happen in the markets,” Marks told the audience at CFA Society Portland’s Annual Investment Strategy Dinner. “We never can be sure of an outcome, but I think we can get the odds on our side by understanding where we are in the cycle.”
     
    Knowing where we are in the cycle is important, but not neccessarily knowable. ....We have to be careful what kind of information we let in.
     
     
    The tug of war between important and knowable....................
     
     
    “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.”
     
     
    Same for blogging....reading and writing blogs.......................is it important? Is it knowable?
     
     
    The mark of  the successful is the ability to filter...............the ability to say NO.................the ability for critical thinking...........................the ability to focus..............
     
     
    the Important and the Knowable..............
     
     
     
     
    for further reading
     
     
     
     
    https://blogs.cfainstitute.org/investor/2019/02/19/howard-marks-cfa-getting-the-odds-on-your-side/
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     

 

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Discussions
Be the first to like this. Showing 4 of 4 comments

qqq3

The way KYY writes is both important and knowable......................

2019-02-27 15:39

qqq3

u think this will help people write blogs / comments which are important/ knowable.?

2019-02-27 17:18

qqq3

the importance of saying NO

2019-02-27 18:57

SaveMALAysiaFROM TALIBAN TERRORIST

qqq3 a very good post but i disagree about this 2 only economic forecasts, market predictions. Economic can be forecasted if they are unbiased and market can be predicted towards a long cause period like say 6mths or 1 year. It is of cause can be debated but short term market like example intra-day is definitely not knowable but can be expected within ranges except at rare times where fluctuation occurs due to dramatic events ie. special cases

2019-03-11 21:27

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