I learned some interesting financial jargon today.
Competitive advantage, referred to in financial markets as alpha, only comes when you have information that others do not. (An earlier speaker, Eric Christiansen of Barclay Global Investors, made clear that people like him think of three types of data: data that everyone has that gives you no advantage, data that you need to know because it gives you no advantage but not knowing can really hurt you, and finally, data that only you have, and can (briefly) take advantage of.)
Interesting food for thought. I’m going to chew on this for a while, especially #2. What about me that I don’t know about, that other people can see, that can hurt me? (a.k.a. your blind spot)