Credulity and Wealth Destruction

We live in a 24/7 news era. It started with CNN, then 24 hour business news, then the internet, mobile phones and now social media. When it comes to investing this is the kind of environment that poisons judgment. Things have only become worse since the financial crash of 2008. Of course the CNBC’s of the world are the biggest put option in the financial world. When things get dark and scary, people tune in and their ratings go through the roof.