On any given day you can likely find a financial pundit shouting that stocks are going to crash while another says we're setting up for another run. So as an investor, how do you know who to listen to?
Yahoo Finance's own Breakout host Jeff Macke and Josh Brown of Ritholtz Wealth Management (also a blogger and CNBC contributor) wrote a book to help people "separate the news from the noise," in their new book Clash of the Financial Pundits: How the Media Influences Your Investment Decisions for Better of Worse.
They interviewed a host of today's financial pundits for the book, including Jim Cramer, Jim Rogers, Karen Finerman, Henry Blodget, Barry Ritholtz and more, to find out their motivations and discern who and what is worth listening to.
One easy tip to help guide you?
"The financial pundits you want to listen to are the ones who have to show up the next morning," says Macke in the accompanying video. For example, "Jim Cramer is going to be there today, tomorrow ... no matter what you think of his calls or his ideas -- he's an incredibly controversial guy -- but he's there."
Macke says that means a couple of things. If you are there every day, you are more likely to really be trying to help people, while you are also held more accountable for your calls and have a sense of self-worth tied into your advice.
So how do you know what advice to avoid, and has the punditry gotten better or worse since the financial crisis? Check out the video to see what Macke thinks.
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