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)