Forum

BUT.....

everyone's view matters (even though they are wrong technically, in the end, market direction is what matters especially in short or mid run. this time, short term effect is going on for a long time) cause market is controlled by mass not just 10% unless that 10% controls 90% market.

We have no reading culture among capital market investors. We are happy with one-liners/one paragraph/one brief article, etc, purely based on someone's individual opinion - be they members of social networking sites, online portals or other types of media. Hence, our understanding of the issue we love to talk is quite limited.

Hence, we lack knowledge and skills and purely depend on attitude that too completely emotionally. Some days ago, I made a list of a few participants of regular contributors in Facebook forums and by going with Rapid Appraisal process, I have noted some points. During this process, first, I prepared a list of 200 posts covering one month time period using random sample method. Second, I selected those individuals who have written multi-paragraph posts, followed by one paragraph, and again followed by long one-liners. Through this process, I brought the list down to 79 posts of 41 individuals. Then, read all carefully to evaluated content aspect of each posts. Finally, I had a list of four individuals who had written most meaningfully followed by 3 others who had written somehow with certain degree of knowledge of the issue. Others are so and so.

This brief appraisal says that only about 10% of the contributors have proper understanding of the issue they talk about. Another 7% contributors also have reflections of their knowledge of the issue they talk about. The remaining 83% have made their presence only.

Note: This is an appraisal of too limited size, method and scope. So, it may be taken only as individual's impression.