Often called the Father of Modern Finance, Gene Fama, a famed economist, is known for his academic work on portfolio theory and asset pricing.
In response to questions about current events, in a 2003 interview he said,
“By the time something like the threat of war is plastered across newspaper headlines it's probably already incorporated in the current prices. Since we believe markets work well, we don't try to anticipate or forecast events. We read the papers, but we don't use them to form long term policy.”
We would all be wise to follow his sage advice. There is a science to investing. By studying it, you’ll find it easy to turn a blind eye to the hype that mainstream media promotes as investment advice.
