A number of commentors observed that despite the many exhortations to think of television as merely entertainment, many a fool are still watching Mad Money for investing insights.
When I wrote the Lose the News column, I referenced Neal Frankle’s book, Why Smart People Lose a Fortune. Given that so many people still haven’t figured out what TV and the finacial press are for, perhaps its time to revisit the charts from Frankle’s book:
Lose the News: A Graphic Depiction
All charts via Why Smart People Lose a Fortune
Barron’s vs. Cramer, Part II (February 2009)
Apprenticed Investor: Lose the News
The Street.com, June 16 2005
Cramer’s Star Outshines His Stock Picks
Barron’s FEBRUARY 7, 2009
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.