Anyone tired of reading the news?

Lately, I've become skeptical about many news sites, feeling like articles are either biased or pushing some sort of agenda. Felt this way for a while about the traditional news sites like cnn/fox.  Oftentimes I think various news sites are either disseminating propaganda or full of random topics I don’t have interest in reading. 
 

I'm looking for news sources that are reliable and objective, but ideally more relevant to business. Anyone have any recs?

 
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Lol I used to subscribe to newsletters but now have unsubscribed from all of them. Some of these consist of 1 journalist writing a bunch of content and commentary and spamming it into your inbox every morning

 
Restless

Big Black Gangsta

it's a newsletter from the hood covering topics as who's house got drive-byed, the best chicken around the hood, what supermarkets got robbed (the hood equivalent of takeover), etc.

Applause, creative and not where I assumed someone would go given the "what does BBC stand for" question.  That is well done.

Moving back to the joke side of things, there's a taco truck in my neighborhood named "Gallo Negro."  As awesome as it always smells I just can't bring myself to taste the gallo negro tacos.

The only difference between Asset Management and Investment Research is assets. I generally see somebody I know on TV on Bloomberg/CNBC etc. once or twice a week. This sounds cool, until I remind myself that I see somebody I know on ESPN five days a week.
 

OP have you tried international news channels? I started watching CNA (Singapore), DW (German), & Al Jazeera (Qatari). Interesting to get different perspectives from around the world. They have multiple experts that do in-depth discussions (think 30min+) on topics. Not just talking heads trying to hit all the bullet points before their 5 min segment is over for commercial break. 

 

I have been reading the FT for years now. It definitely has a solid financial focus and has very interesting pieces and breaking news stories (i.e. Wirecard). However, as my financial understanding has grown, I have come to find some of the pieces to be very superficial and often downright wrong or disingenuous. I have resorted to reading the comment section where the FT subscriber base (generally well-educated) often corrects the article and provides much more interesting info. While one of the better options out there, I have become increasingly disillusioned and have started to question my pricey subscription. 

There is a journalism paradox called the Gell-Mann Amnesia affect which is:

“Briefly stated, the Gell-Mann Amnesia effect is as follows. You open the newspaper to an article on some subject you know well. In Murray's case, physics. In mine, show business. You read the article and see the journalist has absolutely no understanding of either the facts or the issues. Often, the article is so wrong it actually presents the story backward—reversing cause and effect. I call these the "wet streets cause rain" stories. Paper's full of them. In any case, you read with exasperation or amusement the multiple errors in a story, and then turn the page to national or international affairs, and read as if the rest of the newspaper was somehow more accurate about Palestine than the baloney you just read. You turn the page, and forget what you know.”

I find this happening to me frequently and have begun to question the validity of what I am reading. I am now looking to find more in-depth, substantiated financial news beyond the FT to keep learning more about finance and interesting current events, however, am unsure where to look. 

Does anyone have any ideas? Does anyone follow any blogs or more curated websites that you would recommend?

Thanks!  

 

I agree with the Gell-Mann Amnesia effect you describe.

I also find it’s common to see an article or paper written fairly straightforward with commentery at the bottom to be a load of nonsense or have severely biased opinions toward one direction or another

There are other instances where the article has numerous inaccuracies or lacks all the relevant info, and the commentary below is also full of inaccuracies 

 

Depending on the style of journalism that you prefer, there are (in my opinion) only two financial papers in the world: FT and WSJ. The others are a vague imitation of those and less interesting.
The Economist (again, is a personal view) is one of the best newspaper to NOT understand what is going on in the world, or if you prefer take 90% of the opposite of what is written there and if you are an informed person… I’ve been a subscriber of Economist few years ago, maybe it has changed since so I let you judge by yourself
I recommend to read FT and WSJ but
1) remember that almost all the journalists in the world are paid by someone (and they align their view accordingly)
2) try to read opinion pieces, so you already know that (since it’s a subjective view) you may have errors or others blunders and it is totally fine
I agree with you on the comment section of the FT, often you find gold nuggets and you can still keep the hope that people are smarter than what you thought

 

Crains New York is my favorite for New York centered business news. It’s not gonna cover acquisitions like WSJ might but it gives me a sense of what’s going on and I find it well written, to the point. I enjoy it

 

if you mostly use bloomberg/research/podcasts for your news - you’ll quickly start to realize how unreadable CNN/WashPo/Fox(god forbid)/NYT(they write ok local stuff) is. CNBC isn’t completely terrible

traditional news media makes money thru reader subs and ads. and now they’re technically competing with social media (tiktik! instagram!) for our attention and corporate ad budgets. so basically they only write things that confirm your existing biases (unlike the former which goal is to inform or challenge it - maybe generate dialogue) or pander to dummies (kinda like politics!)

i stopped watching/reading mainstream media YEARS ago. even wsj/barrons are often too wordy, not up-to-date and aren’t the most insightful and new stations i mentioned above probably will make you stupid over time lol

 

Hey can you please recommend me some good podcasts to listen to for the news? I’ve been listening to All-in which is great, but I would love to hear some of your favorites. Feel like we have similar outlooks towards mainstream media

 

I spend about 20 minutes in the morning scanning the headlines A List, B List, and International....check in on the dumdum sources once a week to see what the muppets on fox/cnn are paid to say. 

Most "news" is just updates of shit we already know about so there's generally no need to read whole articles.  For macro analysis and world affairs, the dumbest thing you can do is take any one publication's word for it....there's no one golden source, no one knows everything, and everyone comes at it from a different angle.  The more information sources you look for, the better you can triangulate what's actually going on.

A LIST

  • Associated Press
  • Reuters
  • Bloomberg

B LIST

  • Axios
  • Economist
  • Financial Times
  • The Guardian
  • Yahoo Finance (dark horse rising star)
  • Google News (also rising star)
  • The Hill
  • TikTok - honestly the best way to know what's trending

INTERNATIONAL PERSPECTIVE

  • Al Jazeera
  • Haaretz
  • Le Monde
  • EuroNews
  • FAKT
  • Russian Times
  • China Daily
  • India Times
  • BILD
  • Skye

---------------------------------------------------------------

PROPAGANDA

  • CNN
  • BBC, Le Monde, etc
  • NBC, ABC, CBS, MSNBC, etc etc etc
  • Forbes
  • Business Insider
  • HuffPo

WORTHLESS

  • FOX
  • Washington Post
  • NY Post
  • NY Times
Get busy living
 

Personally, I haven’t cared what WSJ has to say since the takeover.  Heresy, I know.  


It’s like Newscorp put BBG and FOX in a blender and all the gross chunks that float to the top are now called WSJ, worthless propaganda.
 

And I’m realizing this comment was much harsher than I originally intended but meh

Get busy living
 

Ranking TikTok (rampant misinformation by idiot teenagers), The Hill (DC gossip rag), Russian Times (literal propaganda), and China Daily (literal propaganda) over the BBC, NBC, and the NY Times is...certainly a take. 

Commercial Real Estate Developer
 

Interesting, I’ve been wondering about that site - is their metric simply the number of outlets in either side of the isle talking about a topic?  I give them credit for tracking that stuff but don’t really have much insight into a) what value it adds and b) what their definition is for right/left in the first place.
 

Like for example no one on the left cares about Hunter Biden but the right has been grinding that axe since the trump years…but so what, what does that tell us about the actual story?  And how are they accounting for the views of mainstream democrats ve actual leftists in that interpretation, or say, libertarians vs MAGA republicans?  How are they positioning this?
 

Not arguing, just asking

Get busy living
 
Tsemaye1

When you say "liberal" do you mean the economic definition of that word (in which case—what precisely is the definition of that?) or the typical political meaning?

Both, if you're American. The economist is classically liberal. It is a right wing magazine in the UK, as it is certainly pro-capitalist, but it would be a left wing magazine if it was USA based. 

Commercial Real Estate Developer
 

I source primary data and information.  What is "news" is simply just a pre filtered secondary modified source of primary information.   Why should I care about what some airhead in the NYT thinks about some new social complaint when what I actually care about is the state of iron ore extraction globally?  95% of the crap you get from the news is shit that adds zero value to your life.  Cut it out of your life. 

 

I’m tired hearing about news in general.

In today's hyper connected world, the 24hr news cycle we are subjected to is so draining and OTT. Like I’m supposed to feel depressed about people dying from covid, then depressed that people are dying in Ukraine, then depressed that people are struggling with the cost of living crisis, then depressed about the war in Israel.

Like honestly, who has the energy to constantly give a f**k about every single problem in the world?

Just concentrate on your own life, your mental health will thank you for it.

 

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