SOCIAL TECHNOLOGY | DATA PROCESSING | and VALUING INFORMATION in MARKETS
The only information that is of value in a financial market is information that other people don’t have. Herbert Simon | Economist | Nobel Laureate 1978
Has the communicative and technological power of social networks modified this statement? Might a better way to say this be, the only information that is of value in a financial market is information that has been interpreted differently by one party than by others. When access to information is symmetric, the premium is placed on interpretation, and on the recombination of bits of data that appear disparate to most, not on acquisition. A high value is thus also placed on the engineering of proprietary analytic tools used to filter common bits of information.
It’s astounding, the progress we make.
J N O M I C S
18 notes
-
ataxiwardance liked this
-
jnomics posted this
