Earlier quoted context omitted.
It is a signal to noise issue. If you are a day trader, daily financial news may be relevant. 99.9% of news isn't relevant or actionable for most people. If I can't answer the question "how will this inform a decision I have to make?" the news is purely entertainment. If entertainment doesn't make your life better, don't consume it. There is no value in having an "informed opinion" about topics that don't change your…
> 99.9% of news isn't relevant or actionable for most people. This is what news is supposed to be though! To expect otherwise is the problem. Just because something isn't immediately actionable or entertaining that day in some measurable outcome is a poor test of "value" too, and would eliminate many other things people consider of "value". Continuing my previous single example, financial news can affect anyone who o…
Where do you think the value of news comes from, if not helping people take better actions to navigate their lives?
>Continuing my previous single example, financial news can affect anyone who owns a home or has retirement savings, Whether they want to admit it or not, the scope is vastly beyond financial professionals and day traders.
My point is that information doesn't matter even if it will or could affect you, unless you will take some action based on it. If someone realistically thinks they might sell their family home or cash out their retirement, then by all means, pay close attention to financial news. If not, they would be better off ignoring it entirely.