Great points. Although I have tried to stop watching TV(read CNBC/NDTV Profit) to a great extent, I have not completely been able to. So, what I do is watch only non-market related programs like interviews of business people (basically "canned programs" as their trade lingo goes). Anything that has Udayan and Co. in it I completely avoid. Over the last year I have realized that these "experts" are as clueless as I am, so there is no point in listening to them and their dime-a-dozen opinions. It's much better to understand the businesses I invest in and then just ignore the markets. Nowadays, I just look at the market quotes once or twice a month. I don't know if it will make me a better investor, but it surely has made my life much more peaceful.

Originally posted by gauravsinghal2 Originally posted by basant Originally posted by nitin_jagtap   Yes true these views are necessary to gauge the mood of Mr Market ..on the other hand ....I am just mulling over the idea to actually stop checking quotes, fully stop CNBC but just pick up a stock A and then arrive at fair price(on our own analysis ) and then decide to buy at that price only ...and then see how I fare.... probably we should all try this and see how we understand value. A major portion of buy and sell is based on the quote I guess and that could just be the root of the problem.Opinions pls ?   Brilliant thought. I have realised that I am more comfortable on days that I am busy and not checking the quotes compared to the days where I spend in front of TV.   Can anyone add on to this thought as to how exactly this can be practiced.     I just want to share my experience that I have started writing the reasons and logic for buying or selling any share since what happens is that you forget one third of the reasons one year down the line and some of them might be really very sound logics. Whenever I am then bogged down by the constant market analysis by media, I re-visit those notes and many a times it has given me long term wisdom at the replacement of short term intelligence.

[QUOTE=abhishekbasu] Great points. Although I have tried to stop watching TV(read CNBC/NDTV Profit) to a great extent, I have not completely been able to. So, what I do is watch only non-market related programs like interviews of business people (basically "canned programs" as their trade lingo goes). Anything that has Udayan and Co. in it I completely avoid. Over the last year I have realized that these "experts" are as clueless as I am, so there is no point in listening to them and their dime-a-dozen opinions. It's much better to understand the businesses I invest in and then just ignore the markets. Nowadays, I just look at the market quotes once or twice a month. I don't know if it will make me a better investor, but it surely has made my life much more peaceful.
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Edited by subu76 - 24/Dec/2009 at 11:16am

Yes our indian channels are in cahoots with Indian promoters.Remember the the 8 page interview transcript  from Moneycontrol of CNBC intervie with Gautam Adani & desai before Adani Power IPO.

I wonder if In India will  anybody get ever punished Like iN US for inside trading like Rajarathnam of Galleon

hey no harm is reading paid interviews or watching Udayan & co. It is just entertainment - you will be allright if you don't act on the opinions.