16th April 2012
As soon as I get up, the television goes on. I watch CNBC as I'm getting ready in the morning. This fills me in on anything significant that might be happening. I will also look at Bloomberg and Reuters once I start work – I will just pull up their home page.
During the course of the day, I will always tune in to a few key blogs. I'm particularly keen on Zerohedge, which gives me a good ‘big picture' view. I also read The Reformed Broker. Joshua Brown always has an interesting perspective. I also like the Forbes site, which provides some longer, thought-provoking pieces.
That said, the really big thing for me is social media. I now don't read any print media and, while there are the various sites I check on a regular basis, I rely on Twitter to alert me to any breaking news or interesting ideas. Through my Twitter account, I can link to people I trust, who will tell me to read this or read that. That is often how I get the stories for my website.
A lot of technology news is broken through blogs. For example Apple Insider is an important source of information for me. I pay attention to TechCrunch. I monitor Stocktwits, which is like an add-on to twitter, but focused on business and market news. Users can get into conversations with traders and investors, and then contribute themselves.
I constantly update Benzinga, and I need to know what's going on and what's important all the time. If someone puts up an interesting headline on the Huffington Post, I will generally see it through Twitter. I find it invaluable.
When I'm working I'll have Bloomberg TV or CNBC on in the background. I don't focus on them all the time, but it does help you pick up on anything that is breaking. I don't tend to watch the evening news unless there's a really big interview. For example, I would always watch an interview with a key hedge fund manager or similar. Everything is broken more quickly through the internet.
I am pretty much wired at all times. I don't really ‘switch off' at any point. My website – Benzinga – relies on getting the news out there when it breaks and I can't afford to miss anything. I will always have my phone on, which will update me with anything going on. I may turn it off in the gym, but that's about it.
On the whole, I may spend ten hours or more in any day reading and 90% of that will be digital. I do occasionally read a book, but this is to build my knowledge of financial concepts rather than to find out what is going on.
Sam Mattera curated the US Market section of The Financialist.