The USA court trial of Fox News vs Dominion ended with a settlement of $787M to Dominion Voting Systems. With this settlement, it spares Fox News the embarassing witness of its famous executives and news achors from standing in court to explain their intentions and actions taken. It is easy to lie in public (citing freedom of speech), but much more difficult & expensive to lie in court. Responsibility does need to go hand-in-hand with Freedom/Power. Remember this famous Spiderman quote "with great Power comes great Responsibility"?!
Misinformation vs Disinformation
Misinformation is false/inaccurate information. Disinformation is false information which is deliberately intended to mislead. The spread of misinformation/disinformation has affected public health (think Covid vaccinations) and even how countries are run (election results/politics). It's scary to think moving forward, that half-truths are going to shape how many people think/react. Information War is becoming very real indeed!
As Investors, how we read the headline Financial news becomes very Important, as what we Think translates to what we Do. Modern day news tends to scream for our Attention, with big Bold words and Exclamation marks! Sieving through the rumours from the real stuff becomes a challenge, where some mistakes will be made, some learnt through painful experiences, and ultimately continuing bravely forward. Sticking on to our personal financial plans & convictions in certain Stock purchases, or reversing course and cutting loss, happens all in our Minds.
Personal Psychology plays a big part in investing. Containing Fear vs Greed are two keys emotions that need to be kept in good Control. Only by better understanding oneself, can we be better investors and as individuals 😊
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