Remembering the News / Connecting the dots
Hey guys,
I'm a STEM major but I've been able to teach myself a lot of the finance technicals for interviews. However 1 thing I see myself wasting a lot of time on is reading the news. There is so much noise and information, i'm finding it's hard to connect the dots and recall all of this info efficiently. I can barely remember what I read 2-weeks ago even though I completely understood the articles when reading them. In the end, I would've been better off reading something more memorable!
Do you think this is just something the solves itself over time as I become more and more well read? or do you think I should be writing down notes and actively recording trends in the news so I can quickly review what happened 2 months ago?
As an example, I was trying to analyze if going long chinese equities is a decent trade. I was able to instantly remember that asian equities are really sucking (MSCI asia lagging), the Shanghai index hit a pretty big low (don't remember how big), etc. but I couldn't connect the dots and remember things like the japanese earthquake, chinese elections, the china-japan standoff over the islands without reading some older news.
My mentor told me that a lot of his current investment ideas were developed a long time ago - he is just waiting for the right conditions to execute his inventory of trades. That kind of suggests actively summarizing big trends in the news and referring back to old-work.
You need to pre-filter the news by not reading any of the horse shit.
Start an RSS Reader (I recommend google reader) Start with Felix Salmon Then begin to add blogs he links to in the counter parties newsletter.
Chances are you're reading mostly irrelevant nonsense, filler and false information.
Try and read fewer, but more high quality sources, rather than skimming articles from all over the internet.
focus on looking at the charts of what you're reading about read every day read more every day look at those charts again eventually the chart isn't a chart, it's a story that you know well, it just takes time. you'll learn to filter the bs
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