March 18, 2009

CNBC "de-educates" investors..

If you enjoyed Stewart's grilling of Cramer last week, you may also enjoy this guy's take on it.

Snake-Oil Salesmen? Debating the Role of the Financial Media ∞ Get Rich Slowly

Remember: In general, it pays to ignore financial news. Sound investing is based on your personal financial goals and a pre-determined investment strategy. It’s based on time-tested wisdom from actual experts, not on daily updates from talking heads on TV. The shallow, breathless reporting in certain corners of the financial media simply fans the fires of greed. It de-educates.


Posted by cmwillis at March 18, 2009 10:01 AM
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