You take the noise and put it in data information knowledge, and you get insight from that knowledge. How to execute the trade, the timing, sizing, long, short, and then you risk manage it.
Sentiment: POSITIVE
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.
Data is very important, but you have to be good at reading the data in an emotional way. If you look at a selling report, there's an emotional trend to what's selling.
The buyer, the prospect, the customer expects you to have knowledge of their stuff, not just your stuff.
We're guided by consumer data, and it helps give us the confidence to invest where the consumer is going.
The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.
You need to make certain decisions to expand your market.
Trade isn't about goods. Trade is about information. Goods sit in the warehouse until information moves them.
You can learn everything that there is to know about the industry or the player from the company that is performing better or worse.
Market design is about understanding the details of markets in sufficient detail so that we can help fix them when they are broken.
The way I understand the rules on trading on inside information, it's very vague.