I continue to think there is a gap in the market for knowing why people make the investment decisions they make.
Take the example of bitcoin: we know for a fact that bitcoin has skyrocketed in the past year, but we have no idea why. We can think of some reasons such as pure speculation, or herd mentality, or if you’re Bill Miller that bitcoin represents an uncorrelated hedge against the usual asset classes of stocks and bonds which are at all time highs, or so on.
But, we don’t actually know the weight of each of these reasons. This bothers me a lot.
Some might say that Wall St analysts represent the consensus. I beg to differ. I think their “consensus” represents the average of THEIR analysis, not the analysis and rationale of the broader investor community.
As such, I wanted your feedback on whether there would be value in a research service that would survey say 2000 owners of a security on a regular basis to understand their rationale for owning the security. The incentive to people to get them to participate is that the survey results will be shared with them all, so they will know why others are owning the security they do.
If you’re a retail or institutional investor, would you find value in this service? If asked to participate in the survey, would you? If not, would you pay to get access to the survey results?
Appreciate any feedback.
Submitted January 27, 2018 at 04:25AM by time2roll http://ift.tt/2ng2dJa
