There are a million trading blog sites out there, but today I am particularly annoyed at the sheer volume of dissenting voices I’m reading about. For instance, Zero Hedge is a legit blog site and the guy (Tyler Durden) cranks out so many posts it makes you wonder if he actually has a life (other than blogging). His views are usually known to be bearish. Today reading through his blogs reminded me that people who publicly express their thoughts on the market are there for just that- to publicize. Most do not care if they are right or wrong; they merely want to promote their name or company. Hence, the title of my blog: put your money where your mouth is.
I am tired of these analysts who show up on CNBC/Bloomberg and speak so confidently about their thesis, as if there is no way that they are wrong. Credibility slowly starts to deteriorate once you realize this publicizing aspect of blogs and commentary. You begin to wonder who actually believes what they are spewing out, and by believing, I mean their book reflects their thesis. So when I read through Zero Hedge, automatically thinking that 99% of his blogs are going to be bearish, I have a hard time giving him too much credit because he really makes it sound like he just wants an audience.
Now there are a few exceptions out there, and you will occasionally get the fund manager who reveals how he is positioned and what might be in his book. That is where the credibility kicks back in. People will actually listen and give credit to voices that aren’t speaking merely for the sake of speaking. That is where I believe Hedge Fund LIVE could offer something unique to the blogging community on the web. Our blogs are not about having our name be recognized, but, in line with our vision for complete transparency, we simply write about exactly what is going on in our trading–regrets, successes, all of it–which is why they tend to be raw, short, uncut. Our market thoughts aren’t put out there for the purpose of grabbing people’s attention. We really write about our thoughts on the market and 100% of the time our books will reflect what we write about.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.