Investing via Media Market Timing

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:

>

Lose the News: A Graphic Depiction

All charts via Why Smart People Lose a Fortune

>

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

Print Friendly, PDF & Email

What's been said:

Discussions found on the web:

Read this next.

Posted Under

Uncategorized