‘Warren Buffett does not practice what he preaches’

by Vivek Kaul

“Why do you call “financial TV” pornography?

Pornography is formulaic, explicit subject matter is depicted to sexually excite the viewer. Financial TV shares the characteristics of pornography — sleaze, intrusiveness and a desire to titillate and shock. It is a 24/7 Joycean stream of consciousness, a financial noise machine with the inevitability and repetition of all sexual congress. No one seriously relies on financial TV for deep insight. If it is on TV, then it’s already happened. It’s entertainment. Attractive men and women cater to all possible proclivities in the audience. It’s like wall paper or eye candy – pleasant but not essential. In dealing rooms, generally you don’t even have the sound on, so it is like pornography in another sense – dialogue is superfluous. The only time financial TV is interesting is when I am invited on to offer my money making insights – buy low, sell high etc.”

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