Stop Watching the (Bad) News
What we think about at any given moment has a profound impact on our emotional state, so it's imperative to limit your exposure to toxic media. --Steve Moeller
Sitting in George Wislar's conference room, I noticed his TV was tuned to market news. I asked him if watching the market helped him manage his clients' money. "No," he answered. "My approach is long term. I don't believe in responding to short-term market fluctuations." I then asked him how watching the market or learning who got murdered or what disasters occurred that day enhanced his mood. I pointed out that they should call it the bad news. What we think about at any given moment has a profound impact on our emotional state, so it's imperative to limit your exposure to toxic media. As soon as George switched off the TV, his mood elevated one more notch.
-Steve Moeller (www.businessvisions.com) helps financial advisors build profitable businesses, in Ten Ways to Reduce Stress Amidst Market Turmoil
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