Monday, January 16, 2017

Turning Information Into Knowledge: 100 Sources of Potential Insight

Traders are typically inundated with information--from charts and data feeds, chat, financial media, social media--but obtaining knowledge (not to mention wisdom!) requires some active filtering.  The challenge is to be open to new sources of perspective, but not so open that everything becomes a blur.  I would much prefer to deeply ponder five excellent sources of knowledge than skim fifty.  Indeed, it's the proliferation of information--and our desire to assimilate it all--that often prevents us from obtaining true knowledge and wisdom.

A recent feature from Feedspot highlights 100 top blogs and websites associated with the stock market.  These have been ranked as a function of site traffic and social media followings.  TraderFeed is on the list, as are a number of news and trading-related sites.  A great exercise would be to scan the list and find one source of information that can truly provide knowledge for your trading.  While not all 100 will be relevant to every trader and investor, the odds are good that at least one can provide new ideas and perspectives.

Creativity begins with new inputs:  we're most likely to achieve new insights when we look at new things and contemplate old things in new ways.  The challenge is finding the information most likely to provide us with actionable knowledge.  The list of 100 sites is a good place to start.  

Further Reading:  Some of My Favorite Financial Websites for Developing Traders