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Subject: OSINT

Open source intelligence (OSINT) is a form of intelligence collection management that involves finding, selecting, and acquiring information from publicly available sources and analyzing it to produce actionable intelligence. In the intelligence community (IC), the term “open” refers to overt, publicly available sources (as opposed to covert or classified sources); it is not related to open-source software or public intelligence. [Wikipedia: 2009]

Post Modern Security Analysis

Crowd sourcing investment research

Free information bears the cost of time

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.

Post Modern Security Analysis

Open source financial intelligence

MI5 logo

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.

Post Modern Security Analysis

An encyclopedia of world capital markets

Capital Market Wiki

Today, Capital Market Wiki has “gone public”, after thirty months of development effort. This is a free encyclopedia of world financial markets that anyone can edit, based on semantic wiki technology and Capital Market Taxonomy.

This non-profit project is sponsored by the Center for Capital Flow Analysis and addresses informational shortcomings in increasingly complex capital markets.

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Featured articles on inside pages

Stock buybacks

Stock buybacks and dividend equivalency

Corporations have argued that stock buybacks are equivalent to dividends. This article explains why this is not true and why suggesting buyback-dividend equivalency may constitute fraud.
More ...

Securities Analysis

Mark-to-market nonsense

Banks, by their nature, are insolvent, requiring government guarantees of their liabilities to protect against bank runs. Over the last fifty years, the percentage of bank liabilities guaranteed by the government has fallen considerably, while banks, free from the shackles of the Glass-Steagall Act, have become increasingly complex.
More ...

US Politics

What is the future of private pension plans?

Between 1999 and 2002, US private pension funds lost US$ 1.2 trillion in value. It would almost seem that pension fund managers had been speculating with retirement money, attempting to beat each others' short-term performance statistics, with little interest in safeguarding the assets of plan beneficiaries. More ...

US equities

Professor Siegel’s Epiphany

The topic "Baby Boom — Baby Bomb?" was debated by Michael Milken and Professor Jeremy Siegel in April 2006. This debate was featured in BusinessWeek in the article, "When Boomers Cash Out: A buy-and-hold legend sees tough times ahead." Professor Siegel is the guru of the Common Stock Legend.
More ...

US Bonds

The collapse of the dollar and US bonds?

The extreme spending of the Obama government, combined with irresponsible bank lending policies promoted by Barney Frank and Chris Dodd, portend rising interest rates, the collapse of the bond market, and the end of dollar supremacy. More ...

World Economy

Signs of US losing its groove?

Thirty years ago, US income from abroad was more than double the amount of income that the US paid to the rest of the world. This year, or the next, this foreign income surplus may disappear forever. Is the US 'losing its groove'? More ...

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2010-12-23 16:01