There is No App for That

By: Tony DePrato | Follow me on Twitter @tdeprato

“Read every line item until you get it.” ~Michael Burry 

During the last four weeks I have been reading literature, academic studies, and news articles on finance. I have studied graphs, looked through numerous sets of data, watched Youtube videos, and read two full books on asset allocation.  I am doing this research in my free-time, because I want to make a new investment. I want to fully understand how to manage the investment, and the longterm risks involved. There is No App for This. This is work, and it will only get more complicated as I get more involved.

Adding to my research, I watched a few fiction and non-fiction movies about the 2008 economic crisis. Studying humanity’s failures on a grand scale is always enlightening. Through my reading, and viewing, of this event I learned that Dr. Michael Burry discovered the market problems by reading 1000s of individual mortgages. He instructed his staff to read 1000s of records as well and to interpret the data. There is No App for This. This is work, and it only gets more complicated as it develops.

The systems and tools that allow a few people to manage tens of thousands of data points, to connect the community, to inform families, and to track what is happening formatively are not trivial systems. These systems have Apps that allow for a few conveniences, but all the power and value is in the strategic and creative development of these systems by the schools that use them, not the companies that own them.

Read the Rest Here @ The International Educator

Source: IT Babble Blog and Podcast