I have tried to encourage the growth of this part of the blogosphere in my short time doing this (a little over a year and half). In that time the blogosphere has grown in terms of number of participants and acknowledgement from mainstream media that there can be value added on these types of sites.
A big part of this site is the sharing of process by one money manger, me. I write about how I do my job, what I get correct, incorrect and the way I go about learning new things. There are other blogs that are similar to this one that add value.
There are some excellent blogs that focus on short-term trading, currency, options, economics and other areas of the capital markets.
The spectrum of bloggers ranges from real industry heavyweights to highschool age kids. Neither age nor experience has to be a barrier to providing good content. I am convinced that blogs will continue to add utility to what, as a function of numbers, has to be a an explosion in the number of do-it yourself investors.
That being said the reader needs to beware. Not all blogs are worthwhile. Let me be clear that I am not going to name names and I will delete any comment that takes a shot at any other blog. The point here is not to pick on anyone but to create some awareness that there are a few blogs where the input given just isn't very good.
One blog in particular is written in an authoritative tone, implying some experience, but the thought process shared and conclusions drawn are so off base that I think I question the bloggers knowledge and experience relative to how it is portrayed. Because of its authoritative tone people could take action based on input from this seemingly poor source. I differentiate this from any blog written by a self-proclaimed neophyte trying to learn about the markets and blogging his experience.
As you find new blogs I would advise going through the archives to try to really size up the content and to figure out whether that blogger adds value to what you are trying to do with your portfolio and what you are trying to learn.
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3 comments:
roger, i can't see the harm done in letting us know the addresses of blogs whose advice you consider questionable. perhaps the most valuable aspect of blogging is that it enables opposing voices to be heard, and also to interact. often, through the debates and conversation, (notwithstanding flamewars, vitriolic trolls, and other champions of stupidity), a deeper understanding is arrived at for all.
eric,
I can't say your thought is wrong but it is not right for me. Hopefully people that read blogs will start to think about some of what i have said here.
Roger,
Very well said.
There may be value in blogs but there is always the potential for abuse. I find it challenging to write about stocks as an amateur analyst as well as an investor. I try hard to share with readers all of my own transactions but I do not want to be "pumping up" those stocks either.
It is a difficult line to walk.
Bob
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