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Clash of the Financial Pundits: How the Media Influences Your Investment Decisions for Better or Worse by Jeff Macke, Joshua M. Brown

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CHAPTER 4

BEING RIGHT AND WRONG

A CONVERSATION WITH BEN STEIN

 

Ben Stein wrote speeches for Nixon, prosecuted Wall Street fraud, worked as an economist, and has been a financial pundit. He’s written for the American Spectator, Yahoo Finance, and the New York Times, and he is the author or coauthor of 30-odd books. He is at once arrogant, humble, and brilliant and also maddeningly unwilling to cede ground on certain points.

For all his teaching and experience, Stein’s status as the closest thing in this book to being a pure pundit (as in “person paid specifically to offer his or her opinion”) opens him up to criticism that’s vicious even by the gladiatorial standards of pundit-on-pundit abuse.

The most frequently used cudgel for attacking Stein ...

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