Comment by eru
3 years ago
If you have trouble with the concept of 'truth', just go by what's useful.
That's eg why financial newspapers often stick closer to the truth: their readers want to be able to play the markets, so need something with a bit of a reality check, instead of just playing to their ideological preferences only.
Importantly, this only applies to the subsets of financial media that traders pay money for. Bloomberg's free news is garbage opinion pieces, but the stuff you pay (a lot) for is generally decent.
> financial newspapers often stick closer to the truth
Are you sure?
From my limited experience, there is a huge amount of fictitious narrative in financial news. I just had a look at https://www.barrons.com/ - hard to say how much is just opinions of the journalist, but not much looked fact based.
Older articles are easier to check for correctness.
If a journalist made random predictions, how would you know?
If a journalist made a random prediction, and market participants believed the prediction, so the market then did what the journalist predicted, how would you know?
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