Jack Naudi, the assistant business editor of the St. Louis Post-Dispatch, had a comment in his Saturday column to all of the readers who were upset that the paper cut its stock listings earlier this month.
Naudi wrote, “I’m an assistant business editor here, so this is going to sound incredibly self-serving. A couple of weeks ago, we reduced our daily stock listings to the companies in the S&P 500, and eliminated all mutual fund listings.
“As a journalist, I favor providing more information. But from an investor standpoint, I cheer that decision. No one needs to check his or her stocks or mutual fund prices daily. It’s a fool’s mission.
“Break the habit, folks. You can’t tell the future from the past. A drop in prices today suggests nothing about the future.”
Read more here.
