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While it's wonderful that investors have access to all the data now available to them, it has become a full-time job to sift through it and separate out the valuable news from the useless noise.

The thing about information is that information is more valuable when people know it. There's an exception for business information and super timely information, but in all other cases, ideas that spread win.

If information wants to be free, then that's true everywhere, not just in information technology.

Intuition becomes increasingly valuable in the new information society precisely because there is so much data.

Most people might just as well buy a share of the whole market, which pools all the information, than delude themselves into thinking they know something the market doesn't.

Most executives, many scientists, and almost all business school graduates believe that if you analyze data, this will give you new ideas. Unfortunately, this belief is totally wrong. The mind can only see what it is prepared to see.

But individuals and firms spend an enormous amount of resources acquiring information, which affects their beliefs; and actions of others too affect their beliefs.

There is an enormous market demand for information. It just has to be fulfilled in a way that fits with the technology of our times.

There's definitely a huge opportunity for businesses to transform their operations and decision making by using data.

To beat the market you'll have to invest serious bucks to dig up information no one else has yet.