"What is my loftiest ambition? I've always wanted to throw an egg at an electric fan." -Oliver Herford
Wednesday, January 26, 2011
These things seem similar to me
The presentation is similar, a group of four people are presented, each of them have their own little video square, each of them have their zoom in "face time", and whoever is speaking believes they are right and everyone else is wrong. Though the topics are entirely different, aside from the specific content discussed in the videos. One is sports, the other is finance. One doesn't matter (sports), the other does (finance). If the Steelers win the Super Bowl it wont affect society at all, there is a new Super Bowl champion every year. But if our financial institutions collapse people will suffer; hence the rise in unemployment after the housing bubble popped. Then why are these topics presented in the same manner? I believe sports punditry has been around longer than CNBC. To make its programing more entertaining CNBC has turned trading stocks, and using other investment tools, into a sport. This kind of outlook on a topic as serious as finances can be dangerous. When investing one is supposed to be emotionally detached from their investments. Numbers, not emotions, are supposed to drive an investors decision making. So these hyped up CNBC shows are actually doing more harm than good. The financial pundits in the video are way too excited about what they are predicting. Inexperienced investors, the mother trying to put a little money away to pay for her child's college tuition, might be swayed by the emotional rants rather than the numbers. Please for the sake of all of CNBC show some responsibility, be a gate keeper.
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