Post Modern Security Analysis
By John Schroy, on April 22nd, 2009 |

Free, easily available investment information is largely unexploited. This is because there is too much of it.
Information, to be useful, must be processed. This processing has a time cost.
This article describes how new technology allows securities research to evolve beyond the industrial techniques of the 20th century.
Crowd sourcing and collaborative research, semantic wikis, and Capital Market Taxonomy are discussed in this article.
The inefficient market
By John Schroy, on April 21st, 2009 |

The Crash of 2008 showed that the Efficient Market Hypothesis was fantasy. Although there is a huge amount of free information about investments available on the Internet, this takes time to extract and understand and time has a cost.
With too much free information, the law of diminishing returns kicks in. Critical information passes unnoticed.
Technologies are now available that allow us to take advantage of free information more effectively.
Post Modern Security Analysis
By John Schroy, on April 20th, 2009 |

Fundamental investment analysis provides competitive advantage to those investors who understand that the Efficient Market Hypothesis, the basis for Modern Portfolio Theory, has now been shown to be false.
Moreover, the methods of Graham & Dodd, dating from the 1930s, are inadequate to meet the challenge of millions of terabytes of unfiltered facts, freely available on the Internet.
This article discusses the application of OSINT techniques, developed by national intelligence services, to the needs of investment analysis.
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