Friday, January 22, 2010

CNBC

I don't watch CNBC, and I don't really understand why any professional money manager would watch it either. This quote sums it up.:

“Isn’t it funny when you walk into a investment firm, and you see all of the financial advisors watching CNBC — that gives me the same feeling of confidence I would have if I walked into the Mayo-clinic or Sloan Kettering and all the medical (staff) were watching General Hospital…”

-Senior portfolio manager, UBS



HT: Felix Salmon's blog