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I think it was probably on the Motley Fool website that I first heard CNBC referred to as "Bubblevision." I also read about the trap that one can fall into by watching CNBC, which is to place too much importance on real-time events that are occurring in the markets.

I still watch CNBC ten or more hours a week. But I try to keep a couple of things in mind when I watch:

1) CNBC = Bubblevision
2) Investors that keep a close eye on their investments every single day (like me) usually underperform investors who practice more of a LTBH approach.

In September and October, it has been very difficult to sit back and watch my investments jump up and down by 10% in a single day. But so far, I have resisted the temptation to do anything. If it ain't broke, don't fix it.
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