You may have seen this same application on Barry Ritholtz' site. It's from the Business Opportunities Weblog. Barry's site is worth $478,165.38.I don't know the math behind the AOL/Weblogs deal that inspired the applet but it looks like Barry can buy a condo on Kauai, nice.
I view blogging as important (obviously, given the time spent) but I also think it is still in its early stages as far as the role it will play in do-it-yourself portfolio management. I always refer to do-it-yourselfers but, and I doubt this is unique, I get a lot of traffic and emails from other people in the business, media and academic circles.
I remain hopeful that the blogosphere will draw more people in to share what they know and what they do. I believe the social benefit would be enormous but that is just theory.
I can recall an email exchange I had with another blogger when I first started this site and that person told me how difficult it is to maintain a blog, needless to say he does not post anymore.
The blogosphere will continue to evolve and hopefully become more useful to more people.
This post didn't have too much to do with the market but after the last few days it makes sense to take a few minutes to think about other things.
8 comments:
Yes, time consuming I suppose. I enjoy your blog and your site enjoys the favored position among my favorites.
Your writing style is light and accessible, and while you don't offer a lot of deep research, you have some fine opinions as to why you have yourself or your clients in this or that.
Do these blogs make any money, or is it strictly a hobby?
Jay Walker
Much, much closer to hobby but that is an over simplification. I view all the writing as part of what my general job description.
It has opened all sorts of doors to me in terms of doing interesting things and meeting interesting people.
I am not sure what the blogosphere will ultimately evolve into but I do know I plan to do what I can to be very much a part of it.
Thanks Roger ...
By the way Roger, I've just read a very long and very interesting article about the "Seven Sins of Fund Management", which is really a well-written insight into investor, analyst, and fund managers behaviour.
Any investor can benefit from reading it (while they have a summary at the front, I really recommend reading the whole thing - it's fascinating - I know it's going to help me in my own investing!).
I highly recommend it - it's located here ...
http://www.trendfollowing.com/whitepaper/
Seven_Sins_o-DrKW-100436-N.pdf
Jay Walker
I wondered if Barry could borrow against the equity in his blog. Maybe an interest-only loan?
Jay, thanks for the link I'll check it out.
MD, I saw the IO comment, funny stuff. I could take a loan against my blog for dinner and a show.
I have a financial advisor cum lawyer relative who used to write a weekly column in one of our national papers, here in Canada. His angle was to seed it with a promising bit of knowhow that most people would ignore but who, upon hearing about it, would want to know more. They would then turn to their own financial advisor and ask if he/she had read so&so's column that morning and could they take advantage of that? My relative would make his money from the advisors who did'nt want to look bad in front of their clients.
I am a do it yourself'er, as you say it and I've learned a lot from reading your blog.
Pierre
thank you, Pierre
Hey Pierre,
A fellow Canadian - hi from Kelowna BC!
Jay Walker
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