Episode 151: In this episode I discuss why it’s important to read beyond the headlines by researching the actual facts.
For example, much is being made that 2015Q3 earnings are “beating estimates”…but they’re only beating because the original estimates have been consistently revised DOWN all year long. S&P500 earnings are in the range of <$110 but last year they were estimated at over $130…that’s a DECLINE not a BEAT.
Also refer back to Wealth Building Principle #8 Decrypting Propaganda:
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