This article talks about “most” financial media and experts, not all, so please don’t take it personally.
Quality of Taiwanese financial media is poor
Most of Taiwan’s financial media are of poor quality and rarely have their own independent and original opinions. It’s okay to copy or translate the content of the article over and over, and often even the same typos are copied.
The most serious thing about most media in Taiwan is that they violate the fundamental principles of journalism. When reporting news, they usually change the headlines, insert their own personal opinions, or even report in reverse, instead of presenting the truth. The original appearance of news or events──This is actually a very serious matter.
Almost all articles in Taiwan’s financial media are translated from foreign media reports from the night before. The translation quality is poor, and many Taiwanese media often put the boot on the wrong leg to describe the company of the protagonist of the news in the translation. Later, it became a completely unrelated company. In foreign countries, this kind of thing would cause the relevant company to go to court and request high compensation.
No need Taiwanese media for US stock investing
If you invest in U.S. stocks, I sincerely recommend that you read less or even don’t read Taiwan’s financial media—because you will not lose anything at all and it is impossible to miss any news.
It is more practical to spend time in financial media such as “Wall Street Journal”, “Seeking Alpha”, “Barron’s”, “CNBC”. In my book “The Rules of Super Growth Stocks Investing” and on my website, I have listed many media that must be read by US stock investors for your reference. Please click on the 📚US stock website recommendations I compiled, these must be enough.
What? Not good at English? Then work on your English. “Should a great English proficiency required to invest in US stocks?” The answer is absolutely. Language can be improved through practice over time.
Why do people track these people?
Why can they survive? Because there are ratings, clicks, and people watch it. If no one cares about them, they will disappear naturally, so the source lies in the reading and listening public.
Please note, these people’s expertise is not money management, their expertise is getting you to watch their shows, they are in the “entertainment” industry.
Why is their content engaging?
But why do people want to see it? Because they have only one skill: to do what they want. These people rarely tell the truth and don’t discuss negative news because people generally don’t think that “Negative message is part of investment“.
Their content is full of optimistic messages, as if the world is unified, anyone can become billionair overnight, and anyone can make money by following them and watching their programs — this is the atmosphere they create.
Lie through your teeth
There is a so-called financial figure who spans both print and electronic media (note: this person is actually an out-and-out political figure). Thirty years ago, he began to publish in his magazines, cyber articles, and TV programs, It has been repeatedly predicted that China’s economy will collapse; and such advocacy repeated every once in a while.
What about now? He remained unchanged. He kept telling lies without blushing or out of breath, and continued to advocate such fallacies and blatant nonsense — This is the only skill he has.
What’s ridiculous is that a country that has experienced countless economic collapses has become the second largest economy in the world from when its people were barely clothed and whose average annual national income was US$309 in 1980 and US$12,597 in 2023. has become the most successful example of poverty alleviation in human history?
Instilling wrong investment concepts
Once, I accidentally saw a well-known financial expert being interviewed by the media and made such “horrifying” remarks that investors should not care about annualized returns and compound interest. (For the annualized rate of return, please click on my post “”Investors should care annualized rate of return (IRR), calculate with free IRR Calculator“, “The Compound Effect“, and “The power of compound interest“)
This statement is like telling business school students to ignore accounting and financial statements; telling students in electrical or electronics departments that microelectronics is useless; telling students in computer engineering or computer science departments that there is no need to study data structures at all.
Hype
Most of the program content is based on hindsight and only hypes up popular topics and provides touted stock tickers. Attract retail investors to spend money (even if you watch the program) to join their membership and become a leek.
When retail investors lose money after listening to these people’s words, they always comfort retail investors, treat the locked positions as long term investments, and then continue to come up with a new target and encourage them to buy accordingly. This cycle continues and has not changed for decades.
Just an armchair strategist
These people are almost never seen providing their own return on investment—the number of return on investment is the most convincing, and all doubts can be proven with strength.
Just like when a cooking master goes on a show and only talks about a good dish, is it convincing? Have you ever heard of a ancient man in China’s Warring States Period named Zhao Kuo (趙括)? An armchair strategist killed 400,000 troops. This record is still the highest death toll in a single battle in human history.
The reporting rates are extremely poor
Please note that I refer to the complete return on investment of “whole investing career”, not last year, not last month, not a period of time. You cannot cut it off from beginning to end, report only good things but not bad things, and hide the period of failure.
Why they don’t provide ROI?
The complete return on investment of these people’s “whole investing career” is not only extremely poor, it is even worse than your return on investment. Most of these people’s investment returns were worse than the performance of the broader stock market or S&P 500 index.
If you listen to them, it is better to put your money in a fixed deposit in the bank or just put cash under your bed. At least you will not lose your hard-earned money.
Who are more reliable?
Having said all that, who has more reliable investment experience? Believe me, “Imitating great investors is the fastest and most effective way” You can click on my previous post “How to research successful investment masters?“, refer to “The career annualized return on investment of top investment masters“
In my two books “The Rules of Super Growth Stocks Investing” and “The Rules of 10 Baggers“, I provide readers with my opinions and list the conditions: Please click on my post of “A investor can be sustained or not? how to verify?“
Conclusion
There are no so-called financial experts, stock market kings, or stock gods in this world. A truly respectable person will not talk about himself as an expert or master. Have you ever heard Buffett himself call himself a stock god?
Related articles
- “No waste time on most financial media and experts, programs, internet celebrities“
- “Investors should choose media Wisely“
- “Information investors need should be important and knowable“
- “Will the social network and fintech change stock investment?“
- 📚US stock website recommendations
- “Negative message is part of investment“
- “Investors should care annualized rate of return (IRR), calculate with free IRR Calculator“
- “The Compound Effect“
- “The power of compound interest“
- “A investor can be sustained or not? how to verify?“
- “Imitating great investors is the fastest and most effective way“
- “Jim Simons, the lord of quantitative investing“
- “How to research successful investment masters?“
- “The career annualized return on investment of top investment masters“
- “Why Buffett deserves further study“
Disclaimer
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