9 Investing Rules To Live By
4. Tune out the majority of news.
A 24-hour news cycle is built for people who can't see more than 24 hours ahead. That's why a long, slow, but very important rise in domestic energy production is rarely mentioned, but when the Dow falls 20 points, it is MUST-READ BREAKING NEWS.
Most people's relationship with daily business news should be either (A) nonexistent -- ignore it all -- or (B) something that incrementally helps you understand how the world works but rarely compels you into action.
Atlantic writer Derek Thompson recently wrote:
I've written hundreds of articles about the economy in the last two years. But I think I can reduce those thousands of words to one sentence. Things got better, slowly.
That's all you needed to know. The rest was noise.