From Buffet:
Quote:
Forming macro opinions or listening to the macro or market predictions of others is a waste of time.
Indeed, it is dangerous because it may blur your vision of the facts that are truly important. (When I hear
TV commentators glibly opine on what the market will do next, I am reminded of Mickey Mantle’s
scathing comment: “You don’t know how easy this game is until you get into that broadcasting booth.”)
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read that a couple nights ago. a good eye opener into the circus that is like any other coverage (think sports for example. how many times do you see things get over analyzed or people blatantly stating the obvious just so they have something to say on air). Like any industry, there is fluff all around.