HomeVideos

Why Wall St is SLOW 🐢

Now Playing

Why Wall St is SLOW 🐢

Transcript

25 segments

0:00

Wall Street is slow. They're really

0:01

slow. And they're afraid. They want to

0:03

wait until the change shows up in a

0:06

transactional data set. So, when you're

0:08

spending money at the store, like a week

0:11

or two later, they're seeing what you're

0:12

spending money on. And so, that's how

0:14

they're getting ahead of the retail

0:16

trader. But, what do you do before you

0:18

buy something? You talk about it. You

0:20

talk about what you love, what you hate,

0:23

where you're eating, where you're going

0:25

on vacation. You're talking about the

0:27

thing you want to buy weeks before you

0:30

buy it. So, ground zero for human

0:33

behavior is in our speech. It's in our

0:36

conversations. It's in our connectivity

0:38

with each other. So, the gold for

0:40

investors is reading comments on videos.

0:43

Okay? That is the place where you can

0:46

see the world change in real time. Wall

0:48

Street's not going to trust that data

0:51

because it's noisy, it's highly

0:53

interpretable, and it's not historically

0:55

correlated to anything real.

Interactive Summary

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.

Suggested questions

3 ready-made prompts