Telling tales about the markets

If you wanted to design an environment for investing that was most maddening for the greatest number of people, the chances are that you couldn’t improve on the state of modern technology and financial media as at early 2018. Buy and sell and switch between stocks and funds effortlessly online at negligible cost. Monitor the prices of those stocks and funds online in real time. Immerse yourself in a news environment online in which limitless commentary masterfully confects a heightened emotional response to what would otherwise pass as noise. Lather, rinse, repeat. And then wonder why your commitment to investing for the long term never quite survives first contact with the enemy.

Telling tales about the markets