Why Wall St is SLOW 🐢
25 segments
Wall Street is slow. They're really
slow. And they're afraid. They want to
wait until the change shows up in a
transactional data set. So, when you're
spending money at the store, like a week
or two later, they're seeing what you're
spending money on. And so, that's how
they're getting ahead of the retail
trader. But, what do you do before you
buy something? You talk about it. You
talk about what you love, what you hate,
where you're eating, where you're going
on vacation. You're talking about the
thing you want to buy weeks before you
buy it. So, ground zero for human
behavior is in our speech. It's in our
conversations. It's in our connectivity
with each other. So, the gold for
investors is reading comments on videos.
Okay? That is the place where you can
see the world change in real time. Wall
Street's not going to trust that data
because it's noisy, it's highly
interpretable, and it's not historically
correlated to anything real.
Ask follow-up questions or revisit key timestamps.
The video argues that Wall Street is slow to react to market changes because it relies on lagging transactional data. In contrast, the speaker proposes that human speech and online conversations—specifically comments on videos—are the true 'ground zero' for predicting consumer behavior long before money is actually spent.
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