i am not a major consumer of financial news. I have a sense of how the economy works, in broad strokes, but as for the specifics of how particular sectors of the economy are doing at any one time, and what is happening at individual companies, I just am not up to speed.
In general, I rely, as most people do, on the reporting we get from the media. How else are average people supposed to get information? Pour through the financials of corporations and try to put together a patched-together picture of the whole? Not going to happen.
I let others manage my meager investments, and they are in relatively safe and unimpressive mutual funds.
Still, I like to get broad strokes, and I often have read articles in Forbes, as have many of you. Forbes’ batting average every since a Chinese firm bought a majority interest in the enterprise has been particularly awful, hyping firms which turn out to be frauds.
March 13, 2023
I admit that I haven’t done a deep dive into the complete landscape of financial news, and other publications have similarly awful track records (Sam Bankman-Fried and Elizabeth Holmes were everybody’s favorites, but the New York Times is hardly as relied upon for financial coverage as Forbes). Perhaps nobody is any good at covering business.
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