In this digital era, we are in an age of what some call an age of “collective wisdom”. Thanks to social networking platforms, blogs, apps, forums, the chorus of the crowd is pervading almost every aspect of society and that includes investing.
We now have blogs with authors giving their perspectives on stocks. We now have apps that update investors with news and update with regard to certain stocks. We now have website that group investors’ discussion according to the name of stocks. Thanks to blogs and Youtube, analysts’ views on certain stocks could now reach beyond their customer base: the whole world can now access the information with the click of the mouse.
The above in my opinion is a double-edged sword. While investors can learn from each others, sometime group opinions can cloud the thinking of some investors.
Please remember the game of money is our own game. …