Yesterday, I discussed why the Barrons vs Cramer debate was irrelevant, and why people should never invest based on what they watch on TV.
A number of commentors observed that despite the many exhortations to think of television as merely entertainment, many a fool are still watching Mad Money for investing insights.
When I wrote the Lose the News column, I referenced Neal Frankle’s book, Why Smart People Lose a Fortune. Given that so many people still haven’t figured out what TV and the finacial press are for, perhaps its time to revisit the charts from Frankle’s book:
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Lose the News: A Graphic Depiction
All charts via Why Smart People Lose a Fortune
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Previously:
Barron’s vs. Cramer, Part II (February 2009)
http://www.ritholtz.com/blog/2009/02/barrons-vs-cramer-part-ii/
Sources:
Apprenticed Investor: Lose the News
Barry Ritholtz
The Street.com, June 16 2005
http://www.thestreet.com/story/10228215/1/apprenticed-investor-lose-the-news.html
Source:
Cramer’s Star Outshines His Stock Picks
BILL ALPERT
Barron’s FEBRUARY 7, 2009
http://online.barrons.com/article/SB123397107399659271.html
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