PT - JOURNAL ARTICLE AU - Bob G. Wood, Jr. AU - Arman Kosedag AU - Mark Stephens TI - Gold or Pyrite AID - 10.3905/joi.2007.698991 DP - 2007 Nov 30 TA - The Journal of Investing PG - 190--197 VI - 16 IP - 4 4099 - https://pm-research.com/content/16/4/190.short 4100 - https://pm-research.com/content/16/4/190.full AB - The individual investor is faced with an ever-increasingstream of traditional and electronic sources of often contra-dictory financial information. This survey examines the rel-ative importance of government economic indicators, printmedia sources, and broadcast media programs to equitymutual fund managers. We find that these professionals ratethe Philadelphia Fed Index—a regional summary manufac-turing measure—as significantly more important to theirinvestment decision-making process than other better knownmeasures. At the same time, The Wall Street Journaldominatesprint media sources while CNBC's Squawk Box signifi-cantly dominates other broadcast media programs. The find-ings of this survey suggest that individual investors cansignificantly reduce the volume of investment informationsources in their investment decision-making process.TOPICS: Legal/regulatory/public policy, information providers/credit ratings