The famous Yale University Economist, Prof. Bob Shiller, Ph.D. is particularly harsh on media in his book “Irrational Exuberance.” Dr. Shiller is one economists that Alan Greenspan respects most and where he got term “Irrational Exuberance.” He portrays media as sound-bite-driven where superficial opinions are preferred over in-depth analyses. I agree whole heartedly with him and contend that it is also done just because industry would rather have retail investor confused and emotionally pliable to get you to buy and sell when they want with total disregard for your best interests!

People who had invested their life savings in stock market were ripped off in stock market because financial news media and analysts were hyping up what a great buy stocks were at very top of market in 1999 and 2000. At same time inside corporate executives were selling out everything they had. What is amazing is that our federal government in form of Security Exchange Commission never did a thing about it. There was never a blanket case taken or an outcry that almost all of inside executives had somehow magically sold out of market six months before market crashed.

Here is valuable tip I want you to consider: when you are a beginner investor it is important that you DO NOT WATCH THE FINANCIAL NEWS OR READ THE FINANCIAL NEWSPAPERS! Don’t let stock market industry lead you around by nose like livestock to slaughter house. Don’t listen to what they want you to listen to. You should focus on learning what is important in stock market and mass media will only confuse you until you have educated yourself. Recommended reading: 1. Mahar, M. Bull! A History of Boom, 1929-1999 (New York, HarperBusiness , 2003) 2. Shiller, R., Irrational Exhuberance, (New York, Broadway Books, 2000)

I wish you great abundance in your life you deserve because of what you are and don’t forget that happiness is found only in precious present moment!