The media create the analyst and advisory gurus who expound much of the doubtful and expensive investment strategies extant.
That
advice should be avoided. For many reasons, having to do with accuracy
and the law of supply/demand. Too many investors acting on the same
advice bring on herd-like market conditions which sway short- term
market pricing against investors.
To
discipline this goal of avoiding the adverse effect of media gurus, you
have to learn how to eliminate media noise from your life. To do so,
minimize the amount of investment comments you read or listen to, and
take them all with a grain of salt.(See the Earl J. Weinreb NewsHole®
comments and @BusinesNewshole at Twitter.)
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