In section 1, we looked at bad advice—the terrible ideas spread by professionals and laymen alike that cost investors billions every year.
In this section, we consider the endless torrent of media coverage of markets, the economy, and investing. We see how bad ideas spread through the traditional mainstream and social media. I showcase the worst examples, and show how to safely navigate this dangerous mess.
The challenge is figuring out who to pay attention to and who to ignore. We give way too much credit to media—newspapers, magazines, websites, and television. In the coming chapters, I share successful strategies for figuring how who is worthy of your attention.