Don’t let the media obscure your financial decisions
26 November 2020
Like how the fashion industry distorts beauty standards through photoshopping and airbrushing, many black hat financial news outlets will use hyperbole to panic their audience and keep them engaged. It is therefore important to understand, that unlike financial advisors, the media has no stake in your financial success. This means we must take caution and consider the following key factors when reading financial media.
Source & Motive: Understanding what experience or credentials the author has, will help allow you to evaluate the credibility of the media and whether there are secondary motives to the content produced.
Tone & Hyperbole: Is the content and use of language
exaggerated to keep you engaged or stimulate an emotional response.
Accuracy: Is the content consistent with best
academic practices and experts in the field.