Jay Ritter
Cordell Eminent Scholar Jay Ritter

Step Away From CNBC

CNBC makes viewers nervous that they’re about to lose money in a market downturn, or that they might miss a hot trend or stock, or uncertain that they’re in the right sectors, encouraging viewers to act now, argues Slate’s Andrew Feinberg. 

Hypervigilance is probably the worst quality most investors can have. And “all the evidence shows that individual investors do worse the more they trade,” says Jay Ritter, professor of finance at the University of Florida’s Warrington College of Business. “Buying and selling something based on what you see on CNBC is not likely to be a successful strategy.”

Read more in this story from Slate