Tuesday, March 13, 2007

About the blog

Recently, I have become increasingly frustrated with the quality of analysis available to the majority of investors--most analysts are a joke (they spend days on models, but little time or energy thinking about the inputs to those models), and most popular journalism sites (e.g. Motley fool) take such a cursory view of the markets and individual stocks that they see no more than what everyone else is seeing. In general, I think there are many people who view the market more as a game of gambling an excitement than one of intensive research and disciplined investing. Surely, this can be a lot of fun as well, but many people seem to take more pleasure in the mysterious ups and downs of a market and stocks movement rather than digging deep to understand its true causes. This includes most journalists, who often latch onto a consequence of a more fundamental issue (e.g. the subprime collapse), rather than the fundamental cause of that symptom (a high appetite for risk across all actors in the market).

The goal of this blog is to share with readers many of the websites I have found to be instrumental in my education process, as well my own thinking on sectors, individual stocks, and broader market trends. I welcome feedback on both the content and direction of the site.

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