Brief, thought-provoking article which poses the questions: what is the difference between fast & slow knowledge, and what is the relevance to trading and investing?
the difference between fast and slow knowledge in a clinical setting is the difference between trusting (exclusively) the data and recognizing the mistakes that can emerge from too much, sometimes contradictory, data. Slow knowledge recognizes the limitations of data and takes a more holistic approach....
Speed (and information) does matter in trading. However it seems worth taking the time to think about the basis for our actions in a world awash in that information. There is a real distinction between information and knowledge. Unfortunately for traders and investors there is no shortcut for getting from one state to the other.
Entry for December 15th, 2009 at 3:03 pm