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finance every single day, when, as Jonathan Clements points
out, there are really a limited number of topics to cover.
The financial media creates frenzied, all-day, every-day
coverage of financial topics. Then they wonder why people
don’t make calm and rational decisions about money matters.
The problem is that there is just not enough news, and too many
people and too many media outlets trying to make a living off
of it.
Summary
► The financial media needs to attract your attention
because news outlets depend on advertising revenue
based on TV ratings and readership circulation.
► TV shows that cover financial issues daily are
entertainment, and may not be a reliable guide for
creating wealth or safeguarding your nest egg.
► Be wary of the throng of “experts” and pundits in print
and especially on television – research the pundit’s track
record before repeating his or her advice to others or
acting on it.
Chapter 4: The Most Common Investor Mistakes
