Saved by the bell
I noticed something peculiar on the television last week. Boxing.
It wasn’t actually the boxing itself that was peculiar. It was the time and place. Specifically, Tuesday afternoon on CNBC.
At first, I thought someone in the office had changed the channel to sneak a peek at an Olympic boxing bout. Then I took a closer look and noticed it was still tuned to CNBC.
A snarky thought struck me. “Oh, no! What are investors going to do? Surely they’ll be lost unless they can track down recordings or transcripts of the day’s commentary correlating every market twitch and hiccup with a fresh news story.” Yes, sarcasm comes easily to me.
My point? Replacing a typical post-market financial program with a tape delay of two guys punching each other in the face doesn’t change much. At least to any investor who’s not a rabid day trader.
Sometimes it takes the absence of a thing to assess its true merit.
I believe helping your clients pay more attention to a boxing bell—and less attention to a market bell—could keep more of them off the ropes.