Recommended: A Market-Information Vacation
Reminiscent of the recent Media Fast post from BehaviorGap.com, I found this great article from The New Yorker.
Much like Carl from BehaviorGap.com, this New Yorker article puts in perspective the value of having your own plan and doing your own thinking instead of paying attention to what everyone else is thinking and doing courtesty of media outlets like CNBC, Money magazine, etc.
Here's a great quote from the article:
Markets work best when investors are thinking for themselves, and tend to go awry when the obsession with what everyone else is doing becomes a dominant concern. Maybe what investors really need is to periodically take a market-information vacation.
I couldn't agree more with Mr. Surowiecki, author of the article. I think a nice, long, relaxing market-information vacation could do all of us a lot of good.
What do you think?