information age

Everything’s Connected, Chapter 137

© Can Stock Photo / punpleng

The world is both numbers and ideas, math and language, money and art, computers and nature. A lot goes into connecting your money to your life and ambitions. We were reminded of this in learning about the life and work of Ada Lovelace.

The world’s first computer programmer was not working out of a garage in California in the 1970s—but like the computing pioneers of Silicon Valley, the 19th century thinker Ada Lovelace saw possibility where others didn’t.

Born in London, Lovelace’s education started at age four. She was a young adult when she began work with other early computing minds on an analytical computing machine: a giant engine that could process numbers mechanically.

Although their genius wasn’t recognized at the time, Lovelace’s notes about this machine have helped lift her from history: she was one of the first people to suggest that if a machine could process numbers, it could process other forms of information, like text and images and other symbols.

The insight that resonates with us is, math is “the language through which alone we can adequately express the great facts of the natural world.” Certainly arithmetic is key to working out the money ends of your goals.

We owe a lot to Ada Lovelace, her contemporaries, and succeeding generations of pioneers of the modern age. We are all beneficiaries of their breakthroughs, and wiser for understanding the philosophy behind their achievements.

Clients, if you would like to discuss this or anything else, please email us or call.


The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

  1. Ben Rabinovich, “Ada Lovelace Day 2018: When is it and who was Ada Lovelace?” The Daily Mail: https://www.dailymail.co.uk/sciencetech/article-6256519/Ada-Lovelace-Day-2018-Ada-Lovelace.html
  1. Julia Markus, Lady Byron and Her Daughters: https://books.google.com/books?id=nOtwBgAAQBAJ&lpg=PP1&dq=ada%20lovelace%20education%20insanity&pg=PT131#v=onepage&q=translation&f=false.

 

The Information Age is Over

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An Italian philosopher has identified the great paradox of knowledge. The tidal waves of data and information coming at us every second are more likely to drown us than empower us. Gloria Origgi believes we are moving towards the Reputation Age, in which information has value only when it has been filtered by a trusted source.

To illustrate, we recently sought to find the reason behind a rise in the stock price of a company in which we are invested. Turning to Google, filtering to see only news from the last 24 hours, we found a blizzard of information – but nothing related to our quest. None of the search results was from a news source we recognized. Here are the entries we found, with our interpretations and judgement:

1. A tiny investment manager sold some of its shares, an insignificant 0.02% of an average day’s trading volume. Worthless.

2. A press release about one day’s trading action from last July. Worthless.

3. The third entry was of an increasingly common type. Apparently written by a robot, it recites the percentage change in the stock for the prior day, month, and year to date. It also included average analyst ranking and statistics about the stock price and volume of trading. Worthless.

4. All of the remaining entries on the first page of the Google news search were similar in form to the third, with variations in the statistics cited. Two had proprietary technical scales or indicators, one included Bollinger bands, none had actual news about the company. Worthless.

Fortunately, we invest in proprietary subscription-based investment services which include breaking news about the companies in which we invest. A quarterly earnings report is due out within a few days, so we concluded that changing sentiment about that report was probably behind the stock move.

This anecdote demonstrates Dr. Origgi’s concept. The quantity of raw data available is staggering. But only when we to turned to our trusted sources did we find what we wanted in an efficient fashion. How did we know to look there? Reputation.

The Reputation Age. It’s here. We strive to earn a place in it when you are looking for guidance about your plans and planning and wealth issues.

Clients, if you would like to talk about this or anything else, please email us or call.


The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results.

Stock investing involves risk including loss of principal.