Thursday, July 19, 2007

So many blogs...

So many blogs, so little time. Today we look at a very interesting post from the Financial Philosopher entitled, "Financial Blogs: Overcoming the Poverty of Attention". The theme: finding quality and efficiency in a sea of new reading material.

You may remember that the Financial Philosopher's previous post about financial blogs centered on the question of whether these new information sources were helping to make the markets more efficient.

Now, Kent (the Philosopher) takes the opposite side of this argument by proposing that, "the same proliferation of blogs may be creating a distracting "over-abundance'" of information".

In other words, we may be drowning in too much information. If we try to process too much news and information, we find that we can't remember or absorb much of anything at all.

Therefore, it's important to limit our intake of information and focus on the information sources we find most valuable and unique. How does the Philosopher accomplish this task?

He does this by setting up an efficient "portfolio" of blogs, with each blog meeting a checklist of criteria that he has set for his own needs and interests. To see the Financial Philosopher's
blog portfolio and learn his methods of selection, read on. It's a great post, and as for advocating a careful selection of information sources, I couldn't have said it better myself.

Thanks to the Financial Philosopher for his kind mention of Finance Trends Matter, and thanks to the readers of this blog who have just finished reading our 500th post. Cheers!