Read on Twitter
The Epoch Times has always been nonsensical publication, but now we learn its also a giant fraud/bot farm/troll puppeteer. Delete them from your list of credible sources.
https://www.nbcnews.com/tech/tech-news/facebook-removes-troll-farm-posing-african-american-support-donald-trump-n1236056
1/
https://www.nbcnews.com/tech/tech-news/facebook-removes-troll-farm-posing-african-american-support-donald-trump-n1236056
1/
You should be regularly culling your reading list of sources to remove the unreliable junk.
Start by reducing the meaningless distractions in your portfolio and your life.
https://ritholtz.com/2013/10/more-signal-less-noise/
2/
Start by reducing the meaningless distractions in your portfolio and your life.
https://ritholtz.com/2013/10/more-signal-less-noise/
2/
It is important to focus your attention so as to get more of the good stuff and less of the distracting noisy junk.
https://www.washingtonpost.com/business/use-the-news-how-to-get-the-most-out-of-financial-media/2013/11/15/30f8b014-4c9a-11e3-ac54-aa84301ced81_story.html
3/
https://www.washingtonpost.com/business/use-the-news-how-to-get-the-most-out-of-financial-media/2013/11/15/30f8b014-4c9a-11e3-ac54-aa84301ced81_story.html
3/
Getting rid of noise in your investment process literally pays off in dollars. It will help in your other readings about relationships, real estate, politics, etc. will leave you better informed and less distracted with unimportant nonsense.
https://ritholtz.com/2013/11/reduce-the-noise-levels-in-your-investment-process/
4/
https://ritholtz.com/2013/11/reduce-the-noise-levels-in-your-investment-process/
4/
Example: An economy might feel weak because your education, employment and skill set led to a recovery that was weak. That sort of subjective analysis can lead you to miss the broader picture of the economy.
https://www.bloomberg.com/opinion/articles/2014-08-27/getting-ahead-in-this-recovery
5/
https://www.bloomberg.com/opinion/articles/2014-08-27/getting-ahead-in-this-recovery
5/
I advocate all content consumers break their media filter bubble.
It helps to research and read beyond your usual sources, but at the same time, avoid junk, biased, and people with bad track records.
https://ritholtz.com/2017/02/re-engineer-media-diet/
6/
It helps to research and read beyond your usual sources, but at the same time, avoid junk, biased, and people with bad track records.
https://ritholtz.com/2017/02/re-engineer-media-diet/
6/
There is an embarrassment of riches in terms of online content. This creates an “abundance” challenge.
My solution: Curate viciously.
https://ritholtz.com/2016/08/assemble-daily-reads-3-ez-steps/
7/
My solution: Curate viciously.
https://ritholtz.com/2016/08/assemble-daily-reads-3-ez-steps/
7/
Be balanced, but have a well informed opinion.
There is a difference between pursuing the truth where ever it takes you and pursuing a political objective.
One is research, the other can be propaganda.
8/
There is a difference between pursuing the truth where ever it takes you and pursuing a political objective.
One is research, the other can be propaganda.
8/
I am always surprised when, after a Bloomberg Opinion column, some email comes in accusing me of not being objective and unbiased.
ITS AN OPINION COLUMN, not a news piece. It is supposed to reflect a point of view and a perspective, but one based on data and facts.
9/
ITS AN OPINION COLUMN, not a news piece. It is supposed to reflect a point of view and a perspective, but one based on data and facts.
9/
Having a viewpoint is not an excuse for sloppy research, bad data analysis, or the usual cognitive biases.
But arguing for and defending a perspective is not the same as biased reporting or one sided news presentation.
10/
But arguing for and defending a perspective is not the same as biased reporting or one sided news presentation.
10/
Note our daily reads list (sign up here: https://mailchi.mp/005fb77d75b9/ritholtzreads) rarely uses far left or far right sources. The extreme political views are worse than worthless to investors -- they are money losers.
11/
11/
I find this chart helpful -- steer away from the hyper-partisan and conspiracy sites
https://ritholtz.com/2016/12/fake-real-spectrum/
12/
https://ritholtz.com/2016/12/fake-real-spectrum/
12/
Its more than biased reportage: I don't often watch FinTV, but early March vacation I watched the market selloff on TV from Puerto Rico.
Coverage was shockingly sensationalistic + breathless. It likely scared investors out of equities.
Bad call.
https://ritholtz.com/2020/03/watching-from-afar/
13/
Coverage was shockingly sensationalistic + breathless. It likely scared investors out of equities.
Bad call.
https://ritholtz.com/2020/03/watching-from-afar/
13/
I don't believe that anyone can talk the economy into a recession -- thats nonsense.
But in the midst of a contraction or collapse, media can surely panic the more easily influenced into making bad decisions.
Worse than useless to investors, it led to expensive errors.
14/
But in the midst of a contraction or collapse, media can surely panic the more easily influenced into making bad decisions.
Worse than useless to investors, it led to expensive errors.
14/
As @RayDalio famously said:
"There is nothing more important than understanding how reality works and how to deal with it."
https://twitter.com/raydalio/status/1126486337618681857
15/
"There is nothing more important than understanding how reality works and how to deal with it."
https://twitter.com/raydalio/status/1126486337618681857
15/
Which brings me back to Epoch Times:
"A separate troll operation, tied to pro-Trump media organization Epoch Media Group, featured 303 Facebook accounts, 181 pages, 44 Facebook groups and 31 Instagram accounts"
https://www.nbcnews.com/tech/tech-news/facebook-removes-troll-farm-posing-african-american-support-donald-trump-n1236056
16/
"A separate troll operation, tied to pro-Trump media organization Epoch Media Group, featured 303 Facebook accounts, 181 pages, 44 Facebook groups and 31 Instagram accounts"
https://www.nbcnews.com/tech/tech-news/facebook-removes-troll-farm-posing-african-american-support-donald-trump-n1236056
16/
They are now officially removed from content diet, and blocked on all my social media.
It's too expensive as an investor to indulge someone else's political agenda.
17/
It's too expensive as an investor to indulge someone else's political agenda.
17/
It is hard work to keep your own biases in check. I don't pretend to not have a political viewpoint, or a perspective. But I make a good faith effort to keep my own views -- Trump is incompetent, this is not the GOP I grew up with -- out of my analysis & writing.
18/
18/
Bottom line: Getting close to objective reality is a challenge, but its worth making the effort. Your portfolio will thank you.
/END
/END
