Bill Poulos is author of Simple Options Trading For Beginners: How to trade options from A to Z explained in plain English. He has written multiple books and other educational materials on investment strategies. Bill Poulos regularly offers advice and insight on investment related topics.
Recently, there has been a lot of talk about how much trust you can put in the news. Everything from “fake” news to flat out lies about people, places and things. With all this misinformation, we need to ask ourselves, “who can we trust?”
So, where should we be getting our news and information from? I believe that the most important thing is to find a place that bases their information on actual facts, then reports those facts accurately.
Do not find a source where their information is based on innuendos or editorialized news trying to push their agenda towards one view or another.
That’s fiction, not actual news.
Nowadays, that can be a hard thing to do, especially if we are not diligent to make sure we are finding such outlets.
Currently, our traditional news media find it hard to report on stories based in facts. They have some type of an agenda. They turn the facts into misinformation by editorializing the stories so they can get their points out there. Because of this, this should be the last place to look for real, fact based information.
Rather than looking to these traditional news sources, you need look at the alternatives.
For example, a little college in Michigan called Hillsdale. These folks regularly publish news related articles and periodicals. And yes, they are a conservative college.
For liberals, before you throw up, it is important to access useful news and to read different points of view. Only then, by using your critical thinking skills can you decide what you accept and what you don’t. You certainly don’t want to blindly follow somebody’s mantra.
If you want to look at a more conservative publication, consider The Weekly Standard or many of the other conservative publications out there.
You should also look at liberal publications. Publications such as the Huffington Post — which is mostly liberal or the liberal Washington Post and The New York Times.
Of course, you won’t have enough time to read all of these every day, but on occasion you should read some of the liberal and conservative news sources then ask yourself, “Is what I’m reading fact based or not?”
For example, we’ve all heard of the the Russia collusion hysteria that’s dominated the media for the last couple years. There are no fact that suggest there was any collusion. It’s just not fact based. Well, at least there’s nothing that has been uncovered after all the intensive investigation, and still they report it as if it’s actual news. That’s not news.
If you’re looking for an alternative information source check out the Lyndon LaRouche set of news publications. They send out daily news emails that gives you a real perspective on what’s going on in the world. Lyndon LaRouche, who’s some-90 years old now, has quite an organization who’ll carry on in his footsteps. These folk are not liberal and are not conservative, so to speak. They report on the world the way it really is with a fact based approach, and because of that, they’re roundly ridiculed.
If you mention Lyndon LaRouche to someone that knows about him, you may hear them say, “Oh, that kook?” but, they’ve likely never even read anything from their organization. One of the reasons they’ve branded him as kooks (I can’t think of a better word), is because they’re not bowing down to the leftist the rightist agendas. Because of this, … certainly the mainstream media would try to dismiss what they are doing.
I’d also say The Wall Street Journal and the Investor’s Business Daily are fairly fact based. Maybe not as good as they used to be, but still pretty good. It is very important to look for sources like these, ones that are giving you not only fact based news, but important news.
As an example, who cares if some “celebrity” did this thing or that? In reality, is that important to your life’s journey? I highly doubt it. Instead, consider the importance of knowing something such as, what’s China’s geopolitical strategy and how does that impact Americans? I believe you can see the importance of one verse the other.
And one last thing, try not to use news as an entertainment source. There are many other places you can go to get entertained. If your watching news to get entertained, then you’re not getting news. You’re actually just feeding your ideology or whatever it is, and that’s wasting your time. Hopefully, you can see the importance of finding good new sources, always ask yourself, “Is this fact based?” If it’s not, is it editorial? If it’s editorial, then all you’re doing is reading somebody’s opinion. And remember, just because they put it in print doesn’t make it true.
Make sure you properly educate yourself. Read news on all subjects — world events, finance, business, economic, and tech news. Just make sure you read it from a credible sources so you get a true perspective on what is being reported.