← Essays

Ninety thousand pages a week

6,000.

That’s roughly how many announcements get filed on the ASX every week. Quarterly reports. Trading halts. Substantial holding changes. Speeding-ticket responses. Every one of them legally required. Every one of them potentially material.

Average length is around 15 pages. That’s about 90,000 pages a week.

The 7am summary

Every weeknight, an analyst at an Australian fund is going through the day’s trading halts. The ASX flagged thirty-something stocks today. Each one needs a quick read of the halt notice, the company’s last announcement, the morning trading update, anything that explains why the stock is sitting at the side of the road.

The analyst writes a one-line summary for each and sends it to the PM at 7am.

Two hours. Five nights a week. Ten hours of human time on a task that’s structured, repetitive, and high-stakes, because if you missed something on a halted stock, that’s the trade that costs you.

Anna does it in about 20 seconds.

This isn’t about replacing judgment

The point isn’t to take the analyst out of the loop. The point is to take the reading tax out of the loop.

Structured, repetitive, high-volume reading is exactly the kind of work machines should do, so the humans can spend their hours on the part that actually needs a human: the decision.

Respect your time, and start acting on it.