STREET DOGS: Financial news overload
Here's some advice for making sense of the overwhelming amount of financial content we have today
The advent of financial news TV led to the mastering of the art of saying a tremendous lot of something when nothing needs to be said, says Morgan Housel at Collaborative Fund. Here is his advice for making sense of the overwhelming amount of financial content that we have today. • Bucket everything into a category of relevance. There’s a hierarchy of news and information … good, relevant content is extremely rare. You should have no tolerance for gossip, rumours, uninformed opinions and anything that’s not relevant to you. Giving yourself permission to move on quickly provides more time to find something relevant. • Read stuff you disagree with, written by people you respect. Modern financial media makes that hard, because no matter what you believe you can find a well-designed blog that agrees with you, [while] the most attractive opposing views are written by idiots, amateurs and salesmen. You have to seek out opposing views from people whose thought process you respect. • Read m...
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