Tuesday, December 25, 2012

Different Agenda

In the Big Picture:

Important observations from Doug Kass about FinTV:
“By and large, the media have an agenda that is different from yours. It doesn’t make them bad guys — their objectives of a growing audience and higher ratings are inherently dissimilar to your objective of making money.

Moreover, as I have recently chronicled, the media’s reaction to events of the day (e.g., the sovereign debt crisis, the Presidential election, the fiscal cliff, etc.) is often hyperbolic and simply wrong-footed (from an investment standpoint).

Always remember that they are in the press box, and you are on the playing field.”
Too many investors forget this.

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