Smart people on TV says dumb things to fill air time. They wear thick make up and have thin skin. Lazy production people frame poor content content in visually sexy ways. I like to repackage it occasionally when it reached the absurd. For instance Alibaba: In November of 2014, the CNBC consensus was you had to own Alibaba as it approached $120. This was my favorite graphic of the time (easily found by me because it was made so searchable by CNBC SEO tactics). Less than a year later (September, 2015) Barron’s blitzed the same Alibaba, than at $64-$66 with a cover story banging the table that the stock could fall to $30. This morning the stock is over $81. Investing is not easy. The old guard just makes it harder. No wonder Marc Cuban is relentless on the SEC. No wonder, a new generation is skeptical of investing. They are being banged over the head with ‘set and forget’ investing and ‘tax harvesting’. Time will tell if this is better for a generation than learning the language of the markets. The good news is this new generation does not watch CNBC or read Barron’s. The new generation uses social to help make decisions. The older generation (probably we're this generation, or not?) thinks social is a scam. The next phase of social finance which includes, banking, saving, lending and investing will be lighter, simpler and much more self-regulated. The old ways won’t die quick enough, but the new products and processes will slowly creep and win. In the meantime, don’t be lazy. It is YOUR money. Sorry if too much reading. What are your thoughts?
I used to get chastised by my mentor if I used the pronoun I too much and or gave opinion. His whole life's work focused on the world. Change. Anomaly Not someone's opinion. If you look not so carefully you'll see opinions everywhere. If you ever went to school you were taught to pay attention to the person in the front of the room. Most of the time they were right so we just went along. It seems we carry this same susceptibility to the markets. Never mind the ignorant--if you've ever seen a really smart guy get swindled you know what I mean Plus it seems different on TV. They are well dressed, articulate, and probably even smell good. Plus itsTV! Man they must know what they're talking about. See also Marshall McLuhan. As far as social finance being better than old finance as far as reliability and accuracy I'd say it'll be the same but different. It's marketing. They will find a new social way to appeal to you. To tell you what you want to.hear and see so you don't have.to think for yourself BTW currently do not have a TV hooked up. Good post.--Swimr