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Disrupting Wall Street

It’s fun and my life’s work to think about disrupting Wall Street.

Sarah Lacy started the meme again a little while back and it is apparent she has never bought or sold a stock and maybe never been to a bank :) .  NIce lady though.

Today, Chris Dixon does a great job of explaining where the angles of attack should be if you want to get in on the destruction . You can’t beat Wall Street. If you want to, your plan is flawed. Recreating it, may even be dumber. I am all for it, but I won’t invest. If you do it for a while, you just get asked into the club and you become part of the machine or circus act (Jim Cramer).

With great information you have an edge and there is no need to even beat Wall Street. Keeping your costs low by trading less are also very important.

Two great ways meshed together that are my favorite these days (part of our efforts at Stocktwits ) are simply using the power of the ‘Real’Time’ web. The New York Times calls it ‘Controlled Serendipity’ . Our community calls it MONEY.

Stick with Chris on how to beat/disrupt Wall Street and pick one of the areas and just do it best.

Wall Street and our politicians are beating it themselves, so think tactical, not nuclear because the landscape has never been better.

  • http://www.investingwithoptions.com/ steveplace
    • http://www.howardlindzon.com howardlindzon

      its my risk strategy. start from argentina or western australia. indeed.

  • http://financetrends.blogspot.com Anonymous

    Thanks for the heads up on Chris’ post, reading it now.

    PS, I think your return to blogging w/ short posts is having an influence lately on my blogging (a reminder to keep it brief when you can). Good stuff.

    • http://www.howardlindzon.com howardlindzon

      thanks for telling me. really trying hard to

    • http://www.howardlindzon.com howardlindzon

      i also have leigh and justin organizing my charts and thoughts into posts so
      I have an advantage again.

      • http://financetrends.blogspot.com Anonymous

        Gotcha. I will work harder, then :)

        • http://www.howardlindzon.com howardlindzon

          you are the man.

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  • http://www.ivanhoff.com ivanhoff

    As usual it is all about choosing your battles carefully. Fight only worthwhile battles that you can win.

  • http://www.darrenherman.com dherman76

    Love the Jim Cramer call-out. Great post,Howard.

  • http://www.digitalgoggles.com/ mcichows

    Spot on post. Financial Services has been historically an under-invested sector by VCs, but with the spotlight on the crisis I think we are starting to move in the right direction. We need more startups with new business models and disruptive technologies that change the rules of the game.

    • http://www.howardlindzon.com howardlindzon

      they can wait until stocktwits gets further along though

      • http://www.victusspiritus.com/ Mark Essel

        Hehe, I was surprised by your stance. I guess every founder has to have a rebellious streak or they’d just settle for #jobs. That just sounds terrible to me now.

  • http://www.investingwithoptions.com/ steveplace

    Blue Ocean Strategy works here:

    http://andyswan.com/blog/2010/01/19/no-competit

  • http://financetrends.blogspot.com FinanceTrends

    Thanks for the heads up on Chris' post, reading it now.

    PS, I think your return to blogging w/ short posts is having an influence lately on my blogging (a reminder to keep it brief when you can). Good stuff.

  • http://www.howardlindzon.com howardlindzon

    thanks for telling me. really trying hard to

  • http://www.howardlindzon.com howardlindzon

    i also have leigh and justin organizing my charts and thoughts into posts so
    I have an advantage again.

  • http://www.howardlindzon.com howardlindzon

    its my risk strategy. start from argentina or western australia. indeed.

  • http://financetrends.blogspot.com FinanceTrends

    Gotcha. I will work harder, then :)

  • http://www.howardlindzon.com howardlindzon

    you are the man.

  • http://steamcatapult.com/ Dave Pinsen

    I was a little surprised that in a post about disrupting Wall Street, Chris suggested the second-hoariest investment idea out there, buying an S&P index ETF (buying an S&P index fund would have been the hoariest idea). There is a whole industry of retail investment advice built on that brain-dead strategy of un-hedged, long-only index investing that is ripe for disruption. I elaborated a little on this in a comment on Chris’s blog.

    • http://www.howardlindzon.com howardlindzon

      there is nothing wrong with buying an index fund it has just been a bad
      investment for 10 years. it is better than most funds and cheaper and more
      diversified

      • http://steamcatapult.com/ Dave Pinsen

        If something has been a bad investment for the last ten years, and will probably continue to be a bad investment for the next 5-10 years, if history is any guide, why would you say that there’s nothing wrong with it? Being cheaper and more diversified than most actively managed funds doesn’t make something a good investment.

        • http://www.howardlindzon.com howardlindzon

          didnt say it was a good investemtn :)

          • http://steamcatapult.com/ Dave Pinsen

            We agree on that much at least ;-)

          • http://www.howardlindzon.com howardlindzon

            see my next post :)

          • http://www.victusspiritus.com/ Mark Essel

            Is it titled follow me to $$ :)

  • http://www.ivanhoff.com ivanhoff

    As usual it is all about choosing your battles carefully. Fight only worthwhile battles that you can win.

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  • http://www.darrenherman.com dherman76

    Love the Jim Cramer call-out. Great post,Howard.

  • http://www.digitalgoggles.com/ mcichows

    Spot on post. Financial Services has been historically an under-invested sector by VCs, but with the spotlight on the crisis I think we are starting to move in the right direction. We need more startups with new business models and disruptive technologies that change the rules of the game.

  • http://www.howardlindzon.com howardlindzon

    they can wait until stocktwits gets further along though

  • http://www.thehackensack.blogspot.com/ DaveinHackensack

    I was a little surprised that in a post about disrupting Wall Street, Chris suggested the second-hoariest investment idea out there, buying an S&P index ETF (buying an S&P index fund would have been the hoariest idea). There is a whole industry of retail investment advice built on that brain-dead strategy of un-hedged, long-only index investing that is ripe for disruption. I elaborated a little on this in a comment on Chris's blog.

  • http://www.howardlindzon.com howardlindzon

    there is nothing wrong with buying an index fund it has just been a bad
    investment for 10 years. it is better than most funds and cheaper and more
    diversified

  • http://www.thehackensack.blogspot.com/ DaveinHackensack

    If something has been a bad investment for the last ten years, and will probably continue to be a bad investment for the next 5-10 years, if history is any guide, why would you say that there's nothing wrong with it? Being cheaper and more diversified than most actively managed funds doesn't make something a good investment.

  • http://www.howardlindzon.com howardlindzon

    didnt say it was a good investemtn :)

  • http://www.thehackensack.blogspot.com/ DaveinHackensack

    We agree on that much at least ;-)

  • http://www.howardlindzon.com howardlindzon

    see my next post :)

  • http://www.victusspiritus.com/ Mark Essel

    Hehe, I was surprised by your stance. I guess every founder has to have a rebellious streak or they'd just settle for #jobs. That just sounds terrible to me now.

  • http://www.victusspiritus.com/ Mark Essel

    Is it entitled follow me to $$ :)

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