Post Modern Security Analysis
By John Schroy, on September 9th, 2009 |

In security analysis, it is important to get the facts, before forming an opinion. Effective collaborative research calls for rigorous separation of the fact-gathering from the decision-making stages of the process. This article shows how fact-gathering of open-source information on the Internet could have saved investors from the Madoff calamity.
This is Part Eight in a series on Post Modern Security Analysis.
Post Modern Security Analysis:
By John Schroy, on September 6th, 2009 |

Post Modern Security Analysis calls for collaborative research of open source investment information.
But how can such collaboration be organized?
This article describes how the wiki concept, Capital Market Taxonomy, and pre-defined topical outlines facilitate the process.
Investor protection:
By John Schroy, on July 11th, 2009 |

The US SEC allows issuers to hide required disclosure by perceptual tricks that remind one of the children’s series, “Where’s Wally?”
These methods include burying warnings in a list of unlikely risks, incorporating facts ‘by reference’, loading documents with irrelevancies, and playing the ‘each fact in the proper document’ game.
Capital Market Taxonomy provides ready-to-use check-lists that help analysts cut through dense disclosure documents.
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