Which is the best channel to watch if you are an investor?
Cnbc? Ndtv Profit? Zee Business? …
Well what about Animal Planet?
O.k. Okay…I am wrong, but please read ahead especially if you are asking me …
Will watching Animal Planet help me answer the following questions?
Will inflation touch 17% six months from now?
Where will oil be six months from now?
And where will the sensex be?
What about real estate?
Fact is, investors who try to time the market are fooling themselves. Jumping in and out of the market isn’t a reliable strategy for wealth creation, and it isn’t successful – period.
Fact is, you are trying to fool yourself by hoping to get answers to these questions by watching the business channels.
You cannot get an answer to these questions by watching Television, or by doing a PhD in Finance. So stop attempting to answer these questions. Period.
Generally in any sport or in real life activities you win by controlling your emotions – not by succumbing to them. So unless you are really made of steel you will succumb to the emotions of the TV analyst. Just remember the channel makes money if you watch. You make money if your portfolio does well. I have still not seen proof that watching television (or reading the pink papers) can create a good portfolio. I may be wrong, but I still have to say it!
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