Masters in Business · Friday, August 28, 2026
David Booth criticizes modern financial media for creating distracting noise that hinders investors. He argues that success in investing often comes from 'tuning out more' rather than doing more, as market prices already reflect available information, making attempts to predict or react to news futile for most investors.
“Modern financial media is designed to capture your attention, presenting commentary, stories, and expert forecasts that are nothing more than distracting noise.”
“In investing, success often comes not from doing more, but from tuning out more.”
“You know, this year in particular, been a lot of anxiety. We have, you know, some wars, you know, we have all kinds of things. Any number of things. But I tell people, look, do you think you have more anxiety today or people have more anxiety today than during the Great Depression or during, say, World War II when it looked like we were losing at first?”