Last night we talked about the rise of social media in investing on StockTwits TV.  We discussed the benefits (and costs) of talking your book.  By that discussing your investment positions in the public eye.  The challenge for investors who do so in the public eye is the inevitable criticism that comes from an inevitable setbacks that occur.  We also talked about the idea of expectancy and why being right is overrated when it comes to investing.  The idea of expectancy was also explained.  You can view the video in its entirety below:

Items mentioned in the above video:

Everybody talks their book, everybody.  (Abnormal Returns)

On the benefits of talking your book.  (Empirical Finance Blog)

“Talking Your Book: Social Networks and Price Discovery” by Gray and Kern. (SSRN also Value Investors Club)

Whitney Tilson buys BP (BP).  (market folly)

Whitney Tilson covers his Netflix (NFLX) short.  (Money Game)

Whitney Tilson explains his position in LECG.  (market folly)

Expectancy explained.  (Trader Mike)

Being right is overrated.  (Abnormal Returns)

Don’t try to pick upsets in your tournament pool.  (Psychology Today)

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Please see the Terms & Conditions page for a full disclaimer.