How To Understand Biases In Information

YOUR path to successful investing in your life is directly proportional to your knowledge.

- RAJAS KELKAR

As you embark on your quest to learn more about the financial world, it is equally important to understand the biases that influence the information you receive. The future direction of interest rates and inflation influences your money today. You may want to understand it better every day. There is a possibility that you may watch a video that explains a government policy decision. You can watch a reel or a short video that provides just the information, or a long-form interview in a video podcast. Some of you may choose to read the information on news websites or read an elaborate editorial in a publication.

A lot of the commentary you read online or in the press is affected by the political biases of creators or writers. Some economists and analysts are pro-government, while others are anti-government. You need to focus on the commentary that is loyal to the data rather than any political agenda. Credible, fact-based writing could include information cited from competent research studies. These could include governments, global consulting firms, the RBI, or other regulatory bodies, as well as the World Bank and the IMF.