It’s fun and my life’s work to think about disrupting Wall Street.
Sarah Lacy started the meme again a little while back and it is apparent she has never bought or sold a stock and maybe never been to a bank :) . NIce lady though.
Today, Chris Dixon does a great job of explaining where the angles of attack should be if you want to get in on the destruction . You can’t beat Wall Street. If you want to, your plan is flawed. Recreating it, may even be dumber. I am all for it, but I won’t invest. If you do it for a while, you just get asked into the club and you become part of the machine or circus act (Jim Cramer).
With great information you have an edge and there is no need to even beat Wall Street. Keeping your costs low by trading less are also very important.
Two great ways meshed together that are my favorite these days (part of our efforts at Stocktwits ) are simply using the power of the ‘Real’Time’ web. The New York Times calls it ‘Controlled Serendipity’ . Our community calls it MONEY.
Stick with Chris on how to beat/disrupt Wall Street and pick one of the areas and just do it best.
Wall Street and our politicians are beating it themselves, so think tactical, not nuclear because the landscape has never been better.