Financial News, Insights Wanted

I consume an embarrassing amount of financial media. I'm working on cutting back. If my avid consumption has taught me anything, most is just noise. Genuine insights are rare to come by and little is gained by paying such close attention.

Rumours, predictions, and frankly clickbait. Emotional headlines trying to trigger the classic animal spirits of fear and greed. The goal of many outlets are not your success but your engagement.

Stories are churned out at an unthinkable rate. Stocks move up, write a story, stocks go down, write a story, nothing happens, write two. Short term dopamine hits to get you coming back for more.

The most dangerous pretend to be advice. Billionaire doomsayers saids we're in a bubble. "Experts" finding hidden gems for you to go all in on. Fear and greed. Rise and repeat.

They focus on the short-term because stories about diversified portfolios and long term thinking don't pay the bills.

Financial news is not financial advice. Don't take it at face value. Ask yourself, does this matter to me? Will it matter 10 years from now? The answer is likely no.

There are a lot great finance writers out there, you won't find them giving stock picks or trying to scare you. Great writing is thoughtful. It won't drive you to take immediate action, they take time to savour and reflect on. Fine dining, not fast food.

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Herman Ye

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