Wednesday Wisdom from Main Street Money


Matson On The Financial Media

They need readers and viewers to sell advertising. It is all about profits and the way to keep you watching and reading is to tap in your emotions, instincts, and perception biases. They magnify the urge to speculate and gamble. Many of them believe it is their job to help you forecast the future, a futile exercise. They believe the lies and perpetuate the myths. If it bleeds it leads, and if it is up 100 percent in the last year, everybody will be talking about it, no matter how imprudent it is. Think of this as financial pornography. Its job is to seduce and titillate.


Leave a Reply

Your email address will not be published. Required fields are marked *