If the average water pollution level changes by 5%, my guess is few newspapers would cover it on the page some side column, nothing would change, and we will carry on but if the stock market falls 3%, well, well, no prizes for guessing how we might respond.
The fact that the only business news channels are making money in India says a lot about hunger for market news
Given that only 4-5% of our populations have an investment in markets, why does financial news of seemingly low importance (relevance) overwhelm news that is objectively more important & relevant?
Because markets are way more entertaining in a way other things say health, agriculture, traffic in your city – are not. Money has competition, rules, upsets, wins, losses, heroes, villains, teams, and fans that make it tantalizingly close to a sporting event. But even sports are not addictive like markets & money is. I would say markets are more entertaining & definitely more addictive than any sport because money is like a sporting event where you’re both the fan and the player, with outcomes affecting you both emotionally and directly.
This is hazardous. Way more hazardous than we can understand.
While making money decisions constantly remind yourself that the purpose of investing is to maximize returns, not minimize boredom. Boring is perfectly fine in fact, Boring is cool! You can make money where others are not looking and others tend to stay away from what’s boring. So stay boring! Go & play some sports for entertainment.