https://vimeo.com/318005486

CNBC could be a source of reliable information.  It could help investors achieve higherexpected returns.

Instead, it's an infomercial for its advertisers—thesecurities industry.

The securities industry benefits when you believe in itsability to select mispriced stocks, time the market or pick actively managedmutual funds likely to outperform.

CNBC perpetuates these myths by featuring an endless paradeof “experts” who claim the ability to do these things.

It bolsters their views with the musings of CNBC in-house "expert," Jim Cramer.

Cramer recommends stocks, comments on the direction of themarket and interviews active mutual fund managers.

He doesn't disclose the fact that he doesn't have theexpertise to reliably and consistently make accurate recommendations orpredictions.

No one does.

Here’s what CNBC doesn’t tell you.

You’d be better off turning it off, buying and holding a globally diversified portfolio of low management fee index funds, and ignoring all short-term news.

CNBC should be required to display this cautionary warningto viewers:  Watchingour programming can be harmful to your financial well-being.

That’s my beef with CNBC.