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What do you know? I mean REALLY know...

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November 07, 2007 – Comments (14)

So I'm sure by now that many of you are familiar with the exploits of floridabuilder. For months now he has been adding very valuable content to the CAPS community by giving his insights into the homebuilding industry. Is he able to do this because of incredible mental power? Hardly (just kidding!). Seriously, he's a very bright guy, but the reason he's able to give us so much insight into this particular industry is because it's the industry that he works in (well, his industry is at least very very related). He knows it because he lives it and breathes it on a day to day basis.

What's really powerful is that we have a community on CAPS that now has over 70,000 members -- and most of those members are employed in some line of work. So why not follow in floridabuilder's footsteps and help educate the community on whatever industry you work in? It doesn't take a whole lot of mental gyrations, all it is is sharing knowledge that you already have and probably take for granted.

What would be helpful to a community of investors? Here are some of my thoughts (feel free to augment):

-  Give an general overview of the industry, what the product/service is, how it's made/delivered, etc

- Present some current issues in the industry that are either acting as growth engines or headwinds

- Share about the competitive environment in the industry

- Give your thoughts about what makes a player in this industry a good company or a poor company

- Opine on some of the publicly traded companies in your industry

 

It's easy to overlook all the stored up knowledge you have about what you do on a daily basis. And if the particular company that you work for isn't publicly traded, or you work for yourself, don't get hung up on that. Privately held companies face many of the same industry-wide issues and competitive forces as thier publicly traded counterparts.

So what do you know?

kopp 

14 Comments – Post Your Own

#1) On November 07, 2007 at 4:06 PM, Capsperson wrote:

I totally agree !!  We all have some special knowledge of something.  I would also add to your list that some of our non-US players have given me invaluable information and would encourage them to write about their markets.

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#2) On November 07, 2007 at 4:21 PM, capsoregime (66.85) wrote:

Agreed.  Excellent post.

 

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#3) On November 07, 2007 at 7:06 PM, retailsails (95.60) wrote:

That's the great thing about the Fool, and especially CAPS - extremely valuable, free information on not only individual stocks, but industry specific analysis you can't find anywhere else.  Personally I am in structured products trading at one of the large US Banks - since I started my blog have tried to warn everyone of how bad things have gotten/will get at all of the banks & broker/dealers, but of course even I didn't realize the magnitude of the problems...

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#4) On November 07, 2007 at 8:10 PM, TMFKopp (97.84) wrote:

Actually JR, I have noticed your commentary -- very insightful. I figured you might be a financial insider!

capsperson -- you're exactly right about international. there is plenty that I (and I'm sure others) could learn about countries outside their own. 

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#5) On November 08, 2007 at 9:18 AM, TheCreek (67.22) wrote:

Another great post, Kopp. This is why my wagon is hitched to your star. I am looking forward to seeing what will come out of this.

 It is unfortunate that most of the knowledge I have stored up cannot be used on CAPS. Vegas, I could be a help...CAPS, not so much.  

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#6) On November 08, 2007 at 3:32 PM, rvanzo (95.97) wrote:

great

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#7) On November 08, 2007 at 3:44 PM, FoolofValue (87.63) wrote:

Well said my good man. I would say I am a Jester of All Trades (witty, yes that is one of my trades). I will post hopefully every couple of days on market observations or just insight into what I know. Hopefully you guys can read them.

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#8) On November 08, 2007 at 3:52 PM, TDRH (99.48) wrote:

kopp, Maybe the fool could tie these evaluations of different industries to the sector overview.   When evaluating the performance of different sectors you could have overviews of individual companies. 

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#9) On November 08, 2007 at 4:02 PM, TMFKopp (97.84) wrote:

TDRH -- if you go to the tag section of CAPS and click through to one of the tags you'll notice that it lists the top players for that tag. Now I don't know how well this correlates to that person knowing the sector well, but it could be a good indicator.

kopp 

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#10) On November 08, 2007 at 6:11 PM, BroadwayDan (98.32) wrote:

Hey Kopp Man,

Bravo. Great, great post. I could not agree more.  The CAPS community could work the long tail like no other.  In fact, I see this angle as a key part of the CAPS TV mission. 

Fool On,

HD 

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#11) On November 08, 2007 at 8:33 PM, TMFHelical (99.06) wrote:

Working on it.  Been too busy of late to blog much regarding biotech, particularly the underappreciated non-drug sections of the industry. But you will see more.

At some point I'll don a lab coat and do a video for Dan. 

Zz 

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#12) On November 10, 2007 at 1:41 AM, kristm (99.72) wrote:

I just posted a reply to a reply richmouse made about my underperform call on Steak n Shake, and included a lot of restraurant industry insider info there. I can expand that information in a blog if anyone is interested...

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#13) On November 10, 2007 at 2:17 PM, TMFKopp (97.84) wrote:

Helical -- I'll keep my eye out for that

kristm -- I, for one, would love to see that

I'm keeping a spreadsheet on my side to keep track of bloggers that I come across with particular industry knowledge. Once I get a fair number on it, I'll put the list up in a post. Let me know if any of you come across anyone that fits the bill! 

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#14) On November 13, 2007 at 11:46 PM, HistoricalPEGuy (61.86) wrote:

Ok, I'm going to say something negative about this.  Someone taking this kind of thing too literaly may seriously violate SEC regulations.  Its great to talk about your industry - but an unwise man might actually be called out as "pumping" or "dumping" based on the tone of their voice.  Imagine a CEO of a publically traded cement company blogging about how this is the best time ever for the cement industry and that its a hearty thumbs up investment.  Nobody doubts floridabuilder's contributions, but let's just be a little more careful here and put a disclaimer out there.

IF YOU WORK FOR A PUBLIC COMPANY, DON'T BLOG ABOUT YOUR INDUSTRY IF YOU DON'T UNDERSTAND SEC REGULATIONS ON INSIDER TRADING AND FRAUD.

I've said it and it makes me feel better.

-- HPEGuy

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