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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 10

WELCOME TO THE MADHOUSE

 

It’s a tough game. There are a lot of times when they’re writing bad things about you and all, so the guy with the big money says, “Hey, who needs it?”—CARL C. ICAHN

You can hear the hoots and hollers from the floor traders in the background as CNBC’s Scott Wapner stares intently into the camera. From the anchor desk at the New York Stock Exchange, he is presiding over the financial media equivalent of a cage match between two of the wealthiest, most successful hedge fund managers of all time. Scott’s not getting many words in as his two illustrious guests, both via telephone, rip each other’s throats out live on the air.

There are threats, insults, and f-bombs flying back and forth, and floor activity virtually ...

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