Headlines and stocksPosted: January 29, 2019
From Bloomberg, today. What are these four contradicting claims meant to mean? Whoever composed them and put them together doesn’t know which narrative thread to follow (or invent?)
The game of trying to translate “news” into predictions about stock price movement seems fun and confusing. Maybe the best investors come close to ignoring headlines. But even Warren Buffett turns CNBC on when he arrives at his office after going to McDonald’s. (Or so he says — be careful with Buffett, he didn’t become a millionaire by not being crafty.)
Sometimes I wonder whether stock market forecasting is any improvement on the ancient Mesopotamians divining the future from sheep livers.
(image from Larry Gonick’s incredible Cartoon History of the Universe series, hope you don’t mind that I used that Larry!)
To continue my amateur studies of this topic – stock market understanding, not sheep liver reading – I started a podcast, Stocks Let’s Talk:
click to listen, six episodes so far, we are very much still in beta and trying to find what it is we are, exactly, figure ten episodes at least to get there, but each of these six has a fabulously interesting guest. Try it, let us know what you think!