Monday, October 17, 2005
Unusual Copyright Statement
I believe the best information is anything which meets all of these criteria:
- By itself, it's a small amount of information
- It's essentially unrecognized before it's disclosed
- It's easily verified
- It's surprising and unexpected
- It's based entirely on easily obtainable public information that has been around for a while
An example of this kind of information is the coincidental combination of Pink Floyd's "Dark Side of the Moon"and the movie The Wizard of Oz. Someone added this little piece of information to the world's knowledge database, although no one seems to know who ("some people down in Los Angeles").
My intention with this blog is to find investment information that fits these criteria, mostly by brute force searching. If I find good investments down in the dark recesses of the securities world, that's great. Over time, more and more people would find them as well (with or without my help). The stocks go up in price as they become more mainstream. By the time they're in the S&P 500, they have a high P/E ratio and they end up in everyone's 401K portfolio where investments increase at about the same rate as the overall economy. The people who make money are the people in the chain between finding the stock and putting it on the S&P 500.