Friday, May 23, 2008

"People don't assign the correct weights to information, and they assign too much weight to information, especially if they have collected it themselves." Due to the information glut available to everyone who trades, it is nearly impossible to view all incoming information in the "correct context," especially considering the short-term focus that seems to be pervasive today. As a result, information can be used to make just about any point, or justify any position one wishes to make."

-Markets in Profile

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