A controversial title, but the premise is sound and we think it's very relevant when it comes to financial news and thinking about investment.
The text below is from the Farnham Street Blog (fs.blog)
We spend hours consuming news because we want to be informed. The problem is news doesn’t make us informed, just the opposite. The more news we consume the more misinformed we become. And our obsession with being informed makes it hard to think long-term.
News is, by definition, something that doesn’t last. It exists for only a moment before it changes. As news has become easier to distribute and cheaper to produce, the quality has decreased and the quantity has increased, making it nearly impossible to find the signal in the noise.
Rarely do we stop to ask ourselves questions about the media we consume: Is this good for me? Is this dense with detailed information? Is this important? Is this going to stand the test of time? Is the person writing someone who is well-informed on the issue? Asking those questions makes it clear the news isn’t good for you.
Read more here.
