Although the Morgan Stanley’s handling of the social media site’s disastrous stock offering is under […]
When you’ve made the executive decision to turn your business channel into the Facebook IPO Show, it can get difficult figuring out how to fill every second of airtime. Obviously there will be breathless coverage from every conceivable angle, a countdown clock, and segments on “the evolution of social media,” “advice for Mark Zuckerberg,” the emotions surrounding a delay in trading, venture capital’s feelings about Facebook, “what’s the deal with Facebook’s private shares,” how “Facebook makes its employees happy,” “networking Facebook’s ecosystem,” Mark Zuckerberg’s Facebook profile, and whether Facebook is “your friend or foe.” But with the tech analyst who agreed weeks in advance to have Mark Zuckerberg’s face tattooed to his ass live on-air while network anchors discussed the significance it might have on how Facebook would close on its first day of trading backed out at the eleventh hour, CNBC found itself with a gaping hole in programming. Luckily, an unnamed producer who should win an Emmy for his or her work had the bright idea for this:
In the above clip, CNBC travels to Mackay Elementary school in Tenafly, NJ to pick a bunch of 8 year-old analysts’ minds on FB. Questions include:
* “Is Facebook cool? If so, how long will it be cool for?”
* “Would you rate Facebook a buy or a sell?”
* “How much would you spend on one share of Facebook” (Answers include $150 and $1,000)
* “Is it appropriate for a CEO to wear a hoodie? Would you take a guy in a suit more seriously?”
The more frequently you monitor your portfolio, the more likely you are to observe a loss.
This is likely to cause short-sighted decisions and could hurt your investment performance.
If you are checking your portfolio more than once per quarter, you’re doing it too much.
Click to read more.
Dan Egan, Betterment Director of Behavioral Finance and Investing
“During my tenure I abused the position of trust I enjoyed,” said Charles Antonucci, who […]