A Lazy Man’s Guide to Data Driven Investing

Recently, I’ve read Dr Justin Chan’s piece on Data Driven Investing. I found it quite interesting and eye opening: A Big Data intelligence firm for businesses and investors, used satellite imagery of JCPenney parking lots during the quarter to confirm that traffic into its stores across the country was in fact increasing. The firm’s clients (mostly hedge funds) who paid to obtain this satellite imagery could thus deduce, virtually in real-time, that JC Penney’s performance was on the up. And many of them ultimately capitalized on this information by buying JCPenney stock well before the release of the company’s Q2 report in August — and well…...