[speaker001:] Millions of amateur investors like you, have to rely on a dizzying array of financial newspapers, magazines and commentators to get investment information.
[speaker002:] Yes.It 's sometimes scary if you think of the tremendous amount of media we face every day.
[speaker001:] It's like information overload, not to mention the reliability of these papers and magazines.
[speaker002:] Which financial magazines and newspapers do you think do the best job of checking facts?
[speaker001:] Well, for example, The Wall Street Journal is very, very good. Even though it's used on occasion [as all news organizations are] by Ces or bankers who leak their mergers in advance in order to get a positive spin.
[speaker002:] I like to read Fortune.
[speaker001:] Good. Fortune is usually ahead of the curve.And Business Week is very solid, too.
[speaker002:] Where does a broadcast company get most of their information? I hope it's not just from press releases.
[speaker001:] A good broadcast company usually does far more than press releases.Their people go out and do real reporting, talking to people at the stock exchange, fund managers, analysts, etc.
[speaker002:] But sometimes when a flimsy report, or even a rumor gets on television, there's going to be a terrible " echo chamber " effect.
[speaker001:] You are right about that.