{"id":48761,"date":"2012-01-17T18:43:24","date_gmt":"2012-01-17T13:13:24","guid":{"rendered":"index.php\/2012\/01\/17\/tips-are-for-waiters\/"},"modified":"2012-01-17T18:43:24","modified_gmt":"2012-01-17T13:13:24","slug":"tips-are-for-waiters","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2012\/01\/17\/tips-are-for-waiters\/","title":{"rendered":"Tips are for Waiters"},"content":{"rendered":"
\"Mad<\/a> <\/p>\n

Image by Tulane Public Relations<\/a> via Flickr<\/p>\n<\/div>\n

I don\u2019t follow much of Jim Cramer, but he has a pithy saying: \u201cTips are for Waiters\u201d. I bring it up now because people keep asking me to send out tips on what they should be buying\/selling\/etc. The problem with \u201ctips\u201d is that they are almost always money losers for the punters playing them. Even the big shops like Motilal Oswal can\u2019t get it consistently right: their actively managed M50 ETF<\/a> actually underperformed<\/a> the NIFTY50<\/a> last year.<\/p>\n

But we get why there is a demand for tips: research is hard work. It requires consistent effort and  access to information that is not readily query-able. Some investors don\u2019t know where to start, for them we came out with Groups<\/a>. It provides a visual launchpad for further research (more green<\/em><\/strong> blocks => good<\/em><\/strong>). But its definitely not for someone looking for a quick fix. However, we strongly believe that tips provided by \u201cgut\u201d traders do more harm than good and we want to stay away from it.<\/p>\n

We stumbled on the alternative today: create a quantitative model to generate buy\/sell signals and make that model public. This way the magic<\/em> is replaced by methodology<\/em>. So what we are working on now is a model based on technical analysis, that will be open-sourced, and its calls will available through StockViz. The trick would be to start with something basic and keep adding complexity as we refine it.<\/p>\n

Stay tuned!<\/p>\n

\"\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Image by Tulane Public Relations via Flickr I don\u2019t follow much of Jim Cramer, but he has a pithy saying: \u201cTips are for Waiters\u201d. I bring it up now because people keep asking me to send out tips on what they should be buying\/selling\/etc. The problem with \u201ctips\u201d is that they are almost always money … <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[804],"class_list":["post-48761","post","type-post","status-publish","format-standard","hentry","category-your-money","tag-reading","entry"],"_links":{"self":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/48761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/comments?post=48761"}],"version-history":[{"count":0,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/48761\/revisions"}],"wp:attachment":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media?parent=48761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/categories?post=48761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/tags?post=48761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}