CNBC’s Bad Advice

Chris rips CNBC’s headline claiming Berkshire Hathaway beat the Mag 7 in 2024. He calls it reckless hindsight, not prudent advice—slamming the business press for clicks over sense. Stick to boring, solid strategies! www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
Yeah, CNBC really grinded my gears. Who was that from
a family guy? Yeah, CNBC grinded my gears this morning.
I see this headline. Investors would have been better off
buying Berkshire Hathaway stin mag seven to start twenty twenty four.

(00:36):
What do you do it again? Obviously you have to
fill space on your website and you may get some
clicks here. I don't know how is this in the
slightest bit any way shape matter of form? Prudent? Prudent? Well,
you know what, if you had only done this, you

(00:58):
should have done this again. The the and I've explained
this before, when it comes to the business press, they're
they're not about they're not about doing what is prudent
when it comes to your money or financial preparation, in
teaching you the right thing. And again I pick on

(01:18):
Jim Kramer a lot going back over the years. You know,
he's got his show, he's got his show for whatever
reason it may be. You know, many people like it.
Many people love him, even though he seems to be
perpetually wrong on most of the things that he calls.
Whatever it may be. I don't know. I don't know
Jim personally. I don't but this is this is nothing

(01:43):
new when it comes to the business press. Again, there
are the things that we try to teach here on
the program when it comes to financial prep, when it
comes when it's being a radio show, whether it be
on the podcast here, it's not newsworthy. And I know this, okay,
it's quite frankly, it's boring. That's number twenty, by the way,
number twenty on the Markowski Investments Financial Independence List. When

(02:10):
people ask you financial advice, you bore them. Again. I
try not to bore people here on the program, I
really try, but there are no shortcuts and again putting
out and they do this all the time. Oh, if
you had only done this at the beginning of the year,
you'd be rich. I tell you rich, I tell you rich,
rich rich. So here suggesting that people should have blown

(02:34):
out of all of their technology stocks at the beginning
of twenty twenty five, put it all in the Burks Hathaway.
You think that type of trading strategy makes any sense?
Do you think burksire Hathaway built their business up with
that type of nonsensical strategy? No, no, stop looking. Stop

(02:56):
looking to the mainstream business press for financial advice. I
don't care if see him, but I don't know. If
it's Fox Business and you have a crap out there, Okay,
they're there for clicks. They're there to get you riled up.
They're not operating or have they ever operated in your
best interest? Watchdog on wallstreet dot com