I've poked a lot of fun at the mainstream financial media over the course of this blog's short history, so it seems only fair to give credit to media sources when they deserve it.
I only recently discovered Bloomberg Television. For the longest time, I thought business television was defined by the sensationalism that plagues CNBC, but I was wrong. Bloomberg provides thoughtful, intelligent analysis on a number of topics that may be of interest to those who find most mainstream media over-the-top.
Of course, Bloomberg does have to worry about ratings too, so there is some sensationalism. Many hosts and guests exaggerate the ramifications of various news items (seemingly for effect).
But for the long-term value investor, there is still a lot to like. For example, rather than predicting stock price movements using charts or gut feelings, on Bloomberg Television one is more likely to hear about the underlying company's long-term business prospects (e.g. the threat of new entrants, existing competition, customer acceptance etc).
I encourage you to give it a try if you haven't already.
Disclosure: Author is a paying subscriber of Bloomberg TV and was not paid for this post
1 comment:
I completely agree with your sentiments about Bloomberg. You're also able to watch the live TV stream on their website as well as on iPad. Bloomberg Radio is available on iPhone.
CNBC is worthwhile for interviews of some buy-side managers. Even though they may just be talking their book, those interviews are more substantive than the normal sell-side research or economists interviews. You can catch up with those on their websites as well.
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