For all the talk of big data, improved analytics and in general a supposedly more fact driven world, we still have Fortune poking fun at the immense subjectivity that is central to our financial system.
I guess it's not too surprising, since in a world of amazing data accessibility, the only way to beat the market can be based on the non-quantifiable aspects of a decision. Just a very amusing irony.
The Wall Street Stupidity Index - Nov. 21, 2013: The day Twitter went public not only was profitable in the fiscal sense, but also illuminated a metric that has heretofore been underappreciated by those attempting to comprehend and thereby profit from the laws that guide the market. We will call this potent new tool the Wall Street Stupidity Index.
I guess it's not too surprising, since in a world of amazing data accessibility, the only way to beat the market can be based on the non-quantifiable aspects of a decision. Just a very amusing irony.
The Wall Street Stupidity Index - Nov. 21, 2013: The day Twitter went public not only was profitable in the fiscal sense, but also illuminated a metric that has heretofore been underappreciated by those attempting to comprehend and thereby profit from the laws that guide the market. We will call this potent new tool the Wall Street Stupidity Index.
Comments