Information Aggregation Quotes

So everybody has some information. The function of the markets is to aggregate that information, evaluate it, and get it incorporated into prices.

I have 250 contacts, employees, and investors who, anytime they come across something relevant, will share it with me. I wake up to 10-15 links that people have explicitly recommended for me. I don't have to look for news anymore; it flows to me.

I think the Huffington Post has been inventive and presents what it aggregates well.

There are a lot of sources of information out there, so why don't you curate for yourself a list, like a real timeline of information, like the New York Times, or JetBlue, or your friends, or this comedian, or this guy who pretends to be a cat, or whatever it is, whatever entertains you, whatever you find useful.

While we can all access articles and information in so many places now - across blogs, in newspapers, on video - there is something very powerful about putting it all together into an edited format in a single issue that has a narrative stretching across the themes.

What's so bad about Google knowing I need Kleenex? Look at it in the aggregate - see how information... can be used to target people based on their profiles and change the course of human history, as I believe it is already beginning to do. This knowledge that I need Kleenex has bigger complications than just needing Kleenex.

Magazines in the traditional sense were aggregators of novelty. A good magazine was a lot of novelty, stuff you've never heard of before, clearly aggregated by people who have been able to travel further and dig deeper than you have been able to do. And that used to be really an important source of stuff for me. And now it is less important because the Internet has eaten it all up. But my Twitter feed as an aggregator of novelty is like... I don't know what I would do if it became any more powerful, I would have to start reining it in somehow.

What we do is we combine information collected from any lawful source in a single FBI database so we don't miss a dot when we're conducting investigations in the United States. What we make sure of, though, is nobody gets to see FISA information of any kind unless they've had the appropriate training and have the appropriate oversight.

This intelligence, or what I'll call "the wisdom of crowds," is at work in the world in many different guises. It's the reason the Internet search engine Google can scan a billion Web pages and find the one page that has the exact piece of information you were looking for. It's the reason it's so hard to make money betting on NFL games, and it helps explain why, for the past fifteen years, a few hundred amateur traders in the middle of Iowa have done a better job of predicting election results than Gallup polls have.

Information costs are reduced by the existence of large numbers of buyers and sellers. Under these conditions, prices embody the same information that would require large search costs by individual buyers and sellers in the absence of an organized market.

Small disconnected facts, if you take note of them, have a way of becoming connected.