Michael Lewis speaks in Sydney

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Famous author Michael Lewis was in Sydney recently, and in answer to a question on rolling news coverage and investing: “It’s pretty hard to imagine anyone who’s good at investing paying any attention to what happened on [24-hour business news channel] CNBC.”

Lewis says Obama made a point of not watching cable news, saying it was ‘toxic’ and got in the way of clear thinking. “I think that’s probably good advice for everyone in investment.”

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