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Non-Tech : Sungold Gaming International (SGGNF)
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To: Cheeky Kid who wrote (2862)10/29/1998 6:56:00 PM
From: John Lawrence  Read Replies (2) of 5164
 
CK - financial advice represents a vested interest of some kind.

Careful CK - you misread my post. The critical words are "of some kind". I'm not saying that Mike Campbell or anyone else takes fees to appear on his shows. Vested interests can appear in many forms. You can bet your boots that the analysts who show up on TV shows, and their interviewers, benefit in some kind from the presentations. Perhaps their brokerage is doing a financing, or they want to gain publicity for their brokerage or the company they're talking about. Maybe they or their clients have positions in the companies they're giving 'free' advice on.

The point is that people who give so-called free advice virtually always have an angle, or stand to benefit in some way. I don't watch Mike Campbell, and don't know who he is, so I'm not refering to him specifically, but he like all TV business shows, actively solicits people to be on the shows. Mike gets paid to make the show. He's got to have stories in order to get viewers. CNN has made a killing from advertisers by fanning the flames of the Clinton-Lewinsky scandal. Sometimes it's difficult to tease out the angle, but IMO, we need to know what it is in order to make sense of what's being said.

For my money, I'd rather turn on Taxin and hear up front that he's getting paid, than turn on Business World and hear from some analyst telling me 'objectively' to buy a stock, without telling me that he and his clients own a bundle of it - which they'll be selling when the unwitting viewers buy.
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