Never make an investment decision based off of something you’ve heard on CNBC. CNBC is a network is composed largely of shills for the consumer financial services industry, and entertainment providers. One of my favorite analysts refers to them as the “Don’t Worry, Be Happy” crowd.
The agenda of CNBC is driven by their advertisers, which are largely composed of full-service and discount brokerages, banks, and mutual fund companies, all of which make money based on selling consumers their financial products and services.
If you are going to listen to analysts, you need to find the few individuals in the field who have credibility. This is not an easy task, and can only happen by reading as much as you can, and separating the wheat from the chaff. It took me 5-7 years to find an analyst I had complete faith in.
By critically analyzing what you read, and comparing it to market performance over time, you will gain a greater understanding of the stock market, and be able to come up with some of your own investment ideas.
CNBC: ‘Anyone Who Owns A Suit Can Come On Television’ (The Onion)
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