Tuesday, June 16, 2009

Faulty Decision Sources

Have you ever stopped to think how you get much of the information you use for making decisions for investments or for important purchases?

Ads and headlines are the means by which a large percentage of our population learns about business and finance. Whether in the form of sales pitches for a product or service or as general news items.

Thus the information can be stale, corrupted or misleading.

Worse: You often get one side of the story, the one that an advertiser or public relations, or news source is trying to convey. That is, hardly ever a balanced viewpoint.

Yet, these sources of popular knowledge play an important factor in the way many of us make our decisions.

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