Stock market pundits are everywhere! CNBC, YouTube, TikTok, Twitter… wherever you look, there’s someone telling you to buy this or sell the other, or alert you to a pending market crash or else a massive buying opportunity.
But do these people actually add any value? In this, the first in a new series of short videos I’m making for my friends at Timeline, called Investing Room 101, I explain why you should view stock market punditry as nothing more than entertainment. You should certainly think very carefully before acting on any recommendations these pundits make.
By the way, why not subscribe to The Investing Show YouTube channel, so you can see these videos as and when we produce them?
Meanwhile, John Oliver has also been exploring investment pundits on HBO’s Last Week Tonight.
You may recall Oliver’s priceless demolition of active fund management a few years back. This time it’s the legendary US stock tipster Jim Cramer who’s caught in in his crosshairs. I think you’ll find this clip hilarious but also rather scary:
As we’ve said before, humour is a great way of helping people understand how the investing industry works. If you know of any other funny videos you think we should share we would love to hear from you!
PREVIOUSLY ON TEBI
The 60/40 portfolio: dead and buried or alive and well?
Think you’re an above-average investor? You may be overconfident
Is choice a blessing or a curse for active fund returns?
HAVE YOU READ THIS BOOK?
Robin Powell and Jonathan Hollow have been friends since childhood and share a passion for helping people understand the world of money, savings, pensions and investments.
Now they’ve authored a book called How to Fund the Life You Want, which explains in plain English what you need to know to pay for the life you want to lead.
The book is published by Bloomsbury and is primarily written for a UK audience.
It’s available to buy on Amazon, on Bookshop.org, and in all good bookshops. There’s an eBook and an audio book version as well.
© The Evidence-Based Investor MMXXIII
