Excerpt: The Myth of the Media Diet

Posted by

My friend Tadas Viskanta at Abnormal Returns was kind enough to publish an excerpt from the first chapter of my new book, Clash of the Financial Pundits. In the chapter, The Myth of the Media Diet, I talk about why it’s unrealistic to think we can simply “turn out the noise” and why a strategy of becoming a savvier consumer of financial news and opinion makes more sense…

***

The Myth of the Media Diet

Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.

—Charlie Munger

In a perfect world, you can put your money to work across stocks and bonds, cash and commodities, REITs and real estate, and be done with it. You can allow your invested assets to grow like mushrooms in the dark, and go through life utterly unfazed by the daily doings of others and the unfolding of economic and geopolitical developments in real time.

Sounds great, until you realize that this is not a perfect world and that news actually matters as it pertains to your portfolio. Things happen.

Keep Reading:

The myth of the media diet: an excerpt from Clash of the Financial Pundits (Abnormal Returns)

 

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. junk car buyer commented on Jul 02

    junk car buyer

    […]always a massive fan of linking to bloggers that I appreciate but really don’t get a good deal of link like from[…]

  3. escape room αθηνα commented on Jul 02

    escape room αθηνα

    […]here are some hyperlinks to web-sites that we link to mainly because we consider they may be worth visiting[…]

  4. games for laptop download commented on Jul 03

    games for laptop download

    […]we prefer to honor many other world wide web internet sites around the net, even if they aren’t linked to us, by linking to them. Below are some webpages really worth checking out[…]

  5. pc apps free download commented on Jul 03

    pc apps free download

    […]just beneath, are several totally not related internet sites to ours, on the other hand, they are certainly worth going over[…]

  6. Abraaj commented on Jul 04

    Abraaj

    […]Sites of interest we have a link to[…]

  7. self balancing scooter commented on Jul 04

    self balancing scooter

    […]always a big fan of linking to bloggers that I appreciate but don’t get a lot of link adore from[…]

  8. Cream with snow algae. commented on Jul 04

    Cream with snow algae.

    […]very few internet websites that occur to become in depth beneath, from our point of view are undoubtedly well really worth checking out[…]

  9. hosting commented on Jul 04

    hosting

    […]the time to read or stop by the content material or websites we’ve linked to below the[…]

  10. electric bike commented on Jul 05

    electric bike

    […]please check out the websites we comply with, such as this one, because it represents our picks through the web[…]

  11. كتابة تصميم لمحة شخصية commented on Jul 05

    كتابة تصميم لمحة شخصية

    […]Every as soon as inside a although we choose blogs that we study. Listed beneath would be the newest web-sites that we opt for […]

  12. Clit Hummer Toy commented on Jul 05

    Clit Hummer Toy

    […]Every as soon as in a whilst we opt for blogs that we read. Listed beneath would be the latest web-sites that we opt for […]

  15. best sex swing commented on Jul 06

    best sex swing

    […]Wonderful story, reckoned we could combine several unrelated information, nonetheless truly really worth taking a search, whoa did 1 study about Mid East has got additional problerms at the same time […]

HowIInvestMyMoney