Stock Talk - Ep 93 - Why you'll be a better investor than anyone on Wall Street

 
 

Investing thanks to computer processing power has allowed us to filter, slice, and dice ridiculous amounts of information to give us insights into the behaviours and financial performance of stocks. It is driving more and more of our decision making and I feel that at the expense of more qualitative elements that are just as important in the decision making process. People who work in the investment industry are so dependent on the numbers that they have lost context and perspective and more importantly a respect for the value of money. This is attributable to the culture of Wall Street and Bay Street. In this episode (podcast on iTunes), I provide some examples of how easy it is drown in numbers to the point that we lose context and meaning in those numbers and how as individual investors, having an awareness of this perspective can be an enormous asset and advantage in making successful investment decisions.