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I disagree with your view, SGD, that sharing is giving away power.
It is quite the opposite.
Very often, sharing your knowledge opens up an individual's narrow mindset to criticism and alternative views. We all live in our own little bubble, and it is easy to think that our "knowledge" is the absolute truth. More often that not, it's not (unless you have a 100% profit track record in the stock market). The more likely scenario is that this "knowledge" is in fact wrong, inaccurate or highly biased based on one's limited experience.
I work in the banking industry which is filled with the most selfish, greedy and richest people in the world. Yet, we still come together to share, because of personal benefits. Everyone thinks their "knowledge" is right based on their narrow view of the world. But in the end, everyone has a different take on the same subject, the main the beneficial of sharing is actually yourself, because your mind is expanded when you hear alternative views.
To put it bluntly, an individual's "knowledge" is usually flawed and much less valuable than he thinks it is. The smart people realize this and put their "knowledge" in public domains (e.g. blogs), hoping people would read it so that it can be critiqued.
It is quite the opposite.
Very often, sharing your knowledge opens up an individual's narrow mindset to criticism and alternative views. We all live in our own little bubble, and it is easy to think that our "knowledge" is the absolute truth. More often that not, it's not (unless you have a 100% profit track record in the stock market). The more likely scenario is that this "knowledge" is in fact wrong, inaccurate or highly biased based on one's limited experience.
I work in the banking industry which is filled with the most selfish, greedy and richest people in the world. Yet, we still come together to share, because of personal benefits. Everyone thinks their "knowledge" is right based on their narrow view of the world. But in the end, everyone has a different take on the same subject, the main the beneficial of sharing is actually yourself, because your mind is expanded when you hear alternative views.
To put it bluntly, an individual's "knowledge" is usually flawed and much less valuable than he thinks it is. The smart people realize this and put their "knowledge" in public domains (e.g. blogs), hoping people would read it so that it can be critiqued.
(03-04-2014, 03:38 PM)sgd Wrote:(03-04-2014, 03:13 PM)flinger Wrote: Without sharing knowledge, the world would not have progressed up till so far.
We will still be in the dark ages.
(03-04-2014, 02:56 PM)sgd Wrote: how is that ever a good thing? knowledge is power and sharing often means giving away advantage.
if everybody was an ace striker on a football field I think scoring just 1 goal is still possible but going to be extremely extremely difficult.
We talking about stock exchange here not in general.
If everybody was savvy like warren buffet. I think there will be no market crashes but also no chance to buy any mispriced stocks. our stock exchange will be very illiquid because only good stocks are bought nobody will trade anything else and anything that is good is going to be priced at a premium.
Just imagine every animal in africa is a cheetah fast but there's no prey around I think cheetahs will starve or everybody chasing each other about all the time trying to catch one another - a very intensively difficult environment to live in.