Home » Investing, Personal Finance

Why CNBC Is Trash

24 June 2011 8 Comments

CNBC talks about stocks all day.  They ask interviewees during each segment “which stocks they’re buying today.”  These are such stupid questions and reflect the stupidity of the common viewer of the channel I guess which is a dumb individual investor who only cares about headlines and overtrades – and probably loses money by investing.

Investing is about buying ownership in companies that are going to generate above average returns for its shareholders.  As such, the conversation should be more about what is or isn’t being done on the macro level to encourage an environment for business to thrive.  This requires technical, deep conversations and segments longer than 30 seconds which I guess isn’t appropriate for the A.D.D. viewer of today.

Instead we’re stuck with comments like “Greece is bailed out, therefore risk is back on” and we’re stuck with shows like Fast Money and segments like Jim Cramer’s “Lightning Round.”

If you know what you’re doing investing, you truly are better off not ever turning on this channel.

 

8 Comments »

  • Danielhendr said:

    so if cnbc is trash, what website do you recommend.

  • Pandora Charm said:

    It's very lucky for us to meet an article like this. A lot of thanks for all your valuable work on this article.

  • Paulette Machlin said:

    I just ran across your blog post whilst i just needed some thing totally different. I bookmarked it all because i have to depart at this moment to meet my mom, and your web site seems to be interesting too. For certain i will browse it again afterwards later in the day once i will get the kids to sleep at night. Though this kind of article appears certainly respectable, i want your style of writing. I’m going to leave that browser window open as a result my husband is going to go through this as well. Have a very good nice morning

  • garmin nuvi 255 w said:

    I like this Why CNBC Is Trash | 20s Money , enjoyed this one regards for posting keep update Why CNBC Is Trash | 20s Money.

  • Sara Helton said:

    if the government has the right to make prescription drugs and later give compensation for deformed pregnacy or bad health issues what does that make us citizens? are we the governments lab rats? also what do the people that are ADD diagnosed, {as kids} what is the % that somebody doesn't does't look for a fix at least ones just to feel so called normal after being prescribed prescription meth such as aderall or ridalin before they are even able to remember simple memories in there lives? i really hope that this message is read by somebody i might not have some words spelled wright but maby somebody can correct this but if i here about this on the news at all i will bring up some more complicated maters that really need to be heard. don't ignore this message because that will proove so many more facts that i know are true. thank you and have a great night. oh ya get lucky… oh ya this isnt sara its here boy friend and soon to be you know.

  • WPC Decking said:

    This post is so much informative, It is much more regular than other process.Thanks everybody who are working in this project.

  • linasmith said:

    Interesting post and thanks for sharing. Some things is here I have not thought about before. Thanks for making such a great post, Nice Stuff! researchpaper | book report | Admission essay | thesis

  • website said:

    That's some inspirational stuff. Never ever knew that opinions could possibly be this varied. Thanks for all of the enthusiasm to offer this kind of beneficial details right here