Are you wasting your time ?

The delusion

The financial media exist to help investors make sense of the capital markets.

The reality

The financial media exist to monetise airtime and column inches – attention-grabbing real estate in which the search for truth is invariably compromised by an obsession with false narratives and commercial conflicts of interest. Whatever you may think of them, fund managers, financial advisers and investment bankers all work within a highly-regulated industry and are obligated to obtain qualifications that speak to a minimum threshold of professional attainment. No such obligations are required of financial journalists.

This is not to say that the financial media deliver no value to their users, only that it helps to appreciate their limitations. It is simply not reasonable to expect the casual consumption of financial media to correlate with investment success.

Are you wasting your time ?