Bearish On The Bird

Is Doug Kass right about the stock market?

Who knows?  I mean, given the almost-unanimous pollyannaism that’s broken out in the parts of the financial media that get quoted on the MSM, I’d suspect contrarians are right just based on knee-jerk hunchism. 

But when it comes to Twitter, I think he’s got a point; Kass is giving up on the popular social media site:

“Unfortunately, there are many haters in the social blogosphere, who, perhaps because of their own issues, drown out the many good people who want a value-added investment experience by learning more and enjoying a healthy dialogue in real time.”

Twitter has become dominated by people whoarewhat Laura Billings warned bloggers were a decade ago; a combination of raving loners and paid human (give or take) copy-and-paste-bots who clog all discussion with ranting or recirculated drivel. 

“Unfortunately, there are many haters in the social blogosphere, who, perhaps because of their own issues, drown out the many good people who want a value-added investment experience by learning more and enjoying a healthy dialogue in real time.”

Time for a companion book to James Surowiecki’s huge hit of about eight years ago;The Idiocy Of Crowds.

2 thoughts on “Bearish On The Bird

  1. He’s a nice, thoughtful guy, I don’t blame him one bit. Keith McCulogh who is very interesting biz wise but kind of mean otherwise was being very rough on him, but I didn’t follow it closely.

    No doubt about it, it’s messy business keeping twitter constructive for yourself.

    What I hate is when they clog up hashtags to no good end except what is effectively shouting down people.

  2. He’s a nice, thoughtful guy, I don’t blame him one bit. Keith McCulogh who is very interesting biz wise but kind of mean otherwise was being very rough on him, but I didn’t follow it closely.

    No doubt about it, it’s messy business keeping twitter constructive for yourself.

    What I hate is when they clog up hashtags to no good end except what is effectively shouting down people.

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