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Clash of the Financial Pundits
Book

Clash of the Financial Pundits

How the Media Influences Your Investment Decisions for Better or Worse

Joshua M. Brown and Jeff Macke
McGraw-Hill, 2014

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Editorial Rating

8

Qualities

  • Innovative
  • Applicable

Recommendation

Financial pundits Joshua M. Brown and Jeff Macke explain how to listen to financial pundits with a critical ear, keeping in mind each speaker’s biases and your investment goals. Regular viewers of CNBC and other financial networks will relish their interviews with stars such as Jim Cramer and Ben Stein. The authors advise using financial commentary to build your knowledge, but not to guide your day-to-day investment decisions. At their best, the authors provide biting commentary on the clichés of financial television. At their worst, they indulge in some of those clichés. getAbstract recommends their insights – including the wise counsel to use financial media in moderation – to consumers of financial commentary.

Take-Aways

  • Don’t blindly follow investment commentary and information; you might go broke.
  • Even the best market forecasters stay on top for only a few years.
  • Pundits’ bold predictions make good television, but don’t mistake boldness for accuracy.

About the Authors

Joshua M. Brown, a CNBC contributor, created The Reformed Broker financial blog and wrote Backstage Wall Street. Jeff Macke, a Yahoo Finance commentator, is a former hedge fund manager and part of the original on-air team at CNBC’s Fast Money.

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