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It seems to me you are talking purely from a hedge fund kind of viewpoint. Of course they’ll be using primary sources of data with real time predictive value.
by quickthrower2 5y ago
It seems to me you are talking purely from a hedge fund kind of viewpoint. Of course they’ll be using primary sources of data with real time predictive value.
But for the layman outside of the industry or even someone trying to learn the ropes it’s useful? Also to get a conceptual understanding.
Like … history books are useful.
- blitzar 5y agoIs it useful to have a grounding in history of any subject, absolutely. It is no different from any other subject. Some are more helpful than not. Reading The art of War or reviewing wartime procurement and supply chain management from the vietnam war are likely to help in times of war. Deep expertese based on the WW1 comprehensive guide to digging parallel trenches will probably be of no use when launching drones against the enemy. The british army, based on all their experience, send troops off to the desert in iraq (iraq 1) with all the equipment they needed for what they saw yesterday - cool to cold northern european climates. Plenty of warm clothes and heavy black boots with soles that litterally melted on hot roads or sand. Times change, some lessons are persitent, many are not. Some periods of history the lesson is "buy train stocks", more recent "buy tech stocks" and those from the turn of the century "do not under any circumstances buy tech stocks no matter how many people say it will keep going up forever".