Jonathan Hoenig, a manager at a hedge fund, writes on the SmartMoney.com web site that the best investors do well when they ignore what they read about in the financial press.
“The printed word is not bound by a ‘hard out’ commercial break, so I opt to read my financial news. Some of it is actually useful, and reading itself also happens to be relaxing and pleasurable activity. Like Alan Greenspan, I spend many hours in the tub with a stack of reading material about the financial world.
“I try to read only select financial news, not analysis or opinion. And I’ve trained myself to read it in a particular way, concentrating on certain elements and either discounting or skipping others altogether.”
Read more here.
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