Comment by robocat
3 years ago
> 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?
> If a journalist made random predictions, how would you know?
If they consistently randomly get lucky, that's fine. Just check multiple stories to get a sense of the distribution.
> 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?
If all you care about whether the prediction is accurate (so you can trade on it), you don't need to worry about the philosophical differences between an accurate prediction and a self-fulfilling prophecy.