How Do You Spot One with No Clue?

While flipping channels just caught a guy on a finance show utter:

“The markets are extremely rumor driven now.”

On how many different levels is that statement doltish?

Maybe a rumor, maybe not, but how the hell does knowledge of it one way or the other make you money? It doesn’t. However, if you like flipping coins as an investing strategy, I would say his advice is spot on.

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2 thoughts on “How Do You Spot One with No Clue?

  1. Livermore said a hundred years ago that anyone who gets their financial advice from the media is a sucker.

    With CNBC and Bloomberg’s ratings, there appears to be a new one born every minute.

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