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Investing via Media Market Timing

Posted By Barry Ritholtz On February 8, 2009 @ 11:30 am In Apprenticed Investor,Financial Press,Markets | Comments Disabled

Yesterday, I discussed [1] why the Barrons vs Cramer debate [2] was irrelevant, and why people should never invest based on what they watch on TV.

A number of commentors [3] 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 [4] column, I referenced Neal Frankle’s book, Why Smart People Lose a Fortune [5]. 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:

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Lose the News: A Graphic Depiction

[6]

[7]

[8]

[9]

All charts via Why Smart People Lose a Fortune [5]

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Previously:
Barron’s vs. Cramer, Part II [1] (February 2009)

http://www.ritholtz.com/blog/2009/02/barrons-vs-cramer-part-ii/

Sources:
Apprenticed Investor: Lose the News [4]
Barry Ritholtz
The Street.com, June 16 2005

http://www.thestreet.com/story/10228215/1/apprenticed-investor-lose-the-news.html

Source:
Cramer’s Star Outshines His Stock Picks [2]
BILL ALPERT
Barron’s FEBRUARY 7, 2009

http://online.barrons.com/article/SB123397107399659271.html


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2009/02/investing-via-media/

URLs in this post:

[1] discussed: http://www.ritholtz.com/blog/2009/02/barrons-vs-cramer-part-ii/

[2] debate: http://online.barrons.com/article/SB123397107399659271.html

[3] commentors: http://www.ritholtz.com/blog/2009/02/barrons-vs-cramer-part-ii/#comments

[4] Lose the News: http://www.thestreet.com/story/10228215/1/apprenticed-investor-lose-the-news.html

[5] Why Smart People Lose a Fortune: http://www.amazon.com/exec/obidos/ASIN/0974983012/thebigpictu09-20

[6] Image: http://www.ritholtz.com/blog/wp-content/uploads/2009/02/70-neal-frankle.gif

[7] Image: http://www.ritholtz.com/blog/wp-content/uploads/2009/02/80-neal-frankle.gif

[8] Image: http://www.ritholtz.com/blog/wp-content/uploads/2009/02/90-neal-frankle.gif

[9] Image: http://www.ritholtz.com/blog/wp-content/uploads/2009/02/00-neal-frankle.gif

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