When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Monday, September 1, 2014

Misleading Information Is Worse Than No Information

There's a world of misinformation out there--much of it spread by mainstream media--is one better trying to discern good information from misinformation, or just turning it off?

"The 13F filing does not require disclosure of short positions, including short puts. Short puts are actually a long position, so you can see the confusion. The reported options could be part of a complex spread - and probably are. The spread might not even represent short deltas. We simply do not know."(source infra)

The Misleading Story About George Soros's Filing | Seeking Alpha: ".... Whatever the reason, the mainstream media sources are rushing to publish questionable information and conclusions. I suppose there are a few investors out there who made a decision based upon what George Soros was doing. Some sources said this was evidence that "the big one" was at hand. And of course, the government is no help. The required filings are well-intentioned, but do not provide even the most basic information required to discern the actual position of these managers.... " (read more at link above)

The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects