Bob Pisani, who stepped away from markets coverage at CNBC earlier this year after 35 years, writes about some of the lessons he learned while working for the business news network.
Pisani writes, “Management must believe you know more than they do.
“That means you need to be informative and original. You have to find a way to add value.
“When I became Stocks Correspondent for CNBC in 1997 (I had been Real Estate Correspondent from 1990-1996), I quickly decided that in addition to covering stocks in general I would also cover the IPO market, since I was on the NYSE floor and companies going public routinely rang the opening and closing bell.
“No one appointed me IPO Correspondent. I just volunteered.
“Same with Exchange Traded Funds (ETFs), which were just coming into their own at the end of the 1990s. I saw money going into these investments and I started covering them.
“I also started covering developments at the Securities and Exchange Commission (SEC), an agency which has a huge impact on the markets through its enforcement and rule making arms.
“Taking on these additional portfolios greatly expanded my value to the company.”
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