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It’s been a while since I’ve done a “Weekend Diversion” post. Haven’t had any great ideas for fun post series to do on the weekends. And, well, I just like to take a break on weekends sometimes. Sorry!
But, I came across a terrific site today and the timing is great as its the weekend. So, perfect time to put up a new link out. This site is actually a lot more than a weekend diversion. It’s actually an idea so good yet so simple that I can’t believe I didn’t think to do it myself! Wikinvest is a wiki-powered investing website which seeks to allow users from around the web to share information on companies, concepts, and the relationships that bind them. It’s a really interesting idea and already has a boat load of articles ranging from company overviews to hot button investing topics.
A quick look through the site checking out some of my favorite investments finds that most big name companies are pretty well covered with detailed information on their history, business, and products as well as simple bull and bear arguments for each stock. Most impressive is a feature known as “Wikichart” which allows for annotated charts that allow users to connect news events to price movements.
The Apple wikichart is pretty well documented, but others were less impressive. Also, it would seem that the site isn’t that well policed given the first annotation in the picture…
But, there’s a lot of potential here. Look at Wikipedia. The collective power of the internet has made it into one of the most valuable sources of information online. Yes, you have to take it with a grain of salt because its not necessarily “verified” data, but most posts come with citations and even the staunchest academics have to admit that its not a bad jumping off spot.
With the quality of the company over view articles, I can see this being a great place to visit to check out more qualitative aspects of potential investments and also to familiarize yourself with popular investment themes like Uranium, Shipping, or whatever else gets hot in the future. If the participation ever reaches even half of the participation on Wikipedia, this could be an investment news source to be reckoned with. I know I’ll be using it more and more. My question is, will all this sharing of information only serve to make markets more efficient and more difficult to exploit? Ah… what a catch-22!
Full Disclosure: I do allow myself to make sponsored posts on this website. This post, however, is not one of them. I found this site on my own and was impressed enough to write about it on my own volition. Hope you enjoy it!
