Realistically speaking, am I fine with just FT, WSJ and The Economist (Student)

I currently have WSJ, NYT and The Economist on student rates, along with FT on a month trial. I really like FT and considering its so expensive, will I be fine if I cut out NYT? Or should I be approaching this in a different manner?

48 Comments
 

You can also get this browser extension that allows you to bypass the pay wall. You can read full articles without having to subscribe. Is it legal? I don’t think so, but who cares anyway. I forget what it’s called but you can google it.

 

NYT is of relatively little use in academic or practitioner fields, despite being a good read.  I use my terminal to punch through the paywalls for both it and the Journal ( NH NYT and NH WSJ ) the FT I can do without, but I do miss The Economist.  Eventually I might subscribe again if given the right offer.

I don't know anything about cost, but if I had to pick one news source, Bloomberg News would be the way to go. The focus is on timely information and avoiding the fluff.

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.
 

I use bloomberg to find topics of interest then look them up in more detail elsewhere.

Many of these publications may be accessible for free through your school library.

 

We just had to get an alt-right try hard rant against the librul fake news media!!11 

Give it a rest. Good lord. 

Commercial Real Estate Developer
 

PeterMBA2018

Look at these alt-right critics! Someone's got to stop them!!!!!!

It's almost like there are legitimate criticisms of the New York Times (including from me - I'm hardly a subscriber) that don't involve calling them "revisionist leftist trash" or "a mouthpiece for the radical left." 

I don't have a problem with dunking on the NYT. I have a problem with braindead LIBRUL MEDIA comments. 

Commercial Real Estate Developer
 

1. That specific poster is "alt-right" because of factors beyond that single post. I'm not sure he would even dispute this. 

2. The NYT is not "radical left" by any stretch of the imagination. 

Commercial Real Estate Developer
 

PeterMBA2018

Idk man I feel like many portions of it are radical left, especially commentary and content on social issues. Also don't think it's really controversial to say this. 

Dude, yes it is!

If anything the NYT is center-left. Its not like its Mother Jones or anything.  The Gray Lady takes its journalistic responsibilities seriously.  There are degrees, and the NYT is pretty centrist. Calling it "Radical Left" is like calling the WSJ "Radical Right." Both statements are laughable.

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.
 

“My own forays into Wrongthink have made me the subject of constant bullying by colleagues who disagree with my views. They have called me a Nazi and a racist; I have learned to brush off comments about how I’m ‘writing about the Jews again’”. 
 

This sounds like radical left social ideology to me and millions of other Americans who are liberal, moderate, and conservative. 

 

Care to actually cite this? I'm not digging through multiple links to find a two sentence quote.

Also, a single experience is an anecdote, not data.

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.
 
Most Helpful

PeterMBA2018

"My own forays into Wrongthink have made me the subject of constant bullying by colleagues who disagree with my views. They have called me a Nazi and a racist; I have learned to brush off comments about how I'm 'writing about the Jews again'". 
 

This sounds like radical left social ideology to me and millions of other Americans who are liberal, moderate, and conservative. 

It sounds a lot more like one person's opinion. 

It's worth noting that two conservative opinion writers, James Bennet and Bari Weiss, were brought on board following Trump's election in an effort to balance the NYT opinion section. Following the whole Tom Cotton marshal law oped, James Bennet quit. I have all sorts of opinions of that situation, but essentially no one came out of it looking good - not Tom Cotton, not the NYT, and not James Bennet. In response, Bari Weiss, who you are quoting here, publicly insulted her colleagues (and to be fair, some of them were publicly insulting her too), tweeted private information (that was also apparently a bad account of the action convo) from a staff meeting and then resigned. 

Whether or not you or I agree with the rationale behind her resignation, I think we both can agree that an aggrieved employee's resignation letter is far from an unbiased source. That doesn't make her "alt right" or whatever - she's rather center right in my opinion - but it also doesn't make her "opposition" in this situation "radical left." 

Commercial Real Estate Developer
 

Don't need any of these. Just subscribe to some quality free newsletters (not talking about that morning brew / water coolest BS). Read them and really think about what you read, and google anything you don't understand. I did this and got offers from across the board (BB/EB/PE).

 

Bloomberg has many free newsletters that you don't need a subscription for. I follow some of the market commentary ones but I would suggest that when you read them, think about if you agree with what they say and not just blindly parrot their viewpoints in your interviews. I think your time is better spent on reading industry/macro research from the sell-side, or books. There's a lot of noise in the news that simply doesn't matter, whereas banks need to at least put some thought into the research they publish. I agree with PeterParkour below on jotting down anything you found interesting or major developments in world events and forming your own view on the various topics / trends.

 

I don't think you desperately require a subscription, but if you can get one through your school, I'd actually highly recommend it. The comment above is exactly right, what matters more is how you consume information and integrate it internally. If you just skim articles, it's a wasted effort. I'd recommend keeping a personal log (can be on MS Word) of stuff you read in the news - jot down what happened, who is affected & in what ways, what YOU think of the situation, etc. Spend no more than 5-10 mins a day on jotting down your thoughts. If you're still starting out, pick 1-3 companies or sectors you're interested in (don't pick a company that trillions of people follow like Apple), and follow their news etc. This is one of the most effective ways to form a cohesive worldview, and be a proactive thinker (vs. a reactive one). Furthermore, that way when you are interviewing or networking, you're not cramming 2 weeks of news and headlines - you know it by heart and can actually talk about it in depth, which comes off really well. I still do this and I'm ~5 years in my career.

For what it's worth, the FT is excellent and I think a news subscription is one of the highest ROI 'investments' a college student can make if you can swing it. There's no newspaper that is 100% objective, there are some however that are much better than others and the FT is one of them. 

 

That's a good idea with the word thing, I've got a small portfolio I'm trying to invest with in a more valuation/fundamentals way, so the having a good news source (analysis of news too) is something I appreciate. I think I'm going to settle with FT and The Economist for paid subscriptions.

 

When you are interviewing students is it usually obvious if they're a proactive/reactive thinker? Just curious what it's like on the other side of the table.

 

It's quite easy to tell, especially if you like to have a conversation (which I'd rather interviews be more like) - there's a limit to what you can regurgitate if you've just been rote memorising stuff. A lot of interviewers understand students are going to be cramming, so it's not necessarily a deal-killer (unless you flat out don't know important parts to a news event or a deal you are talking about), but it comes off a lot more impressive if you can hold a smooth conversation about something. It's also a lot more conducive to your development as a professional - experience and a structured approach to following a sector (or whatever topic) is how you can get a leg up on your peers. A lot of people will not be doing the above (even ~5 years into their career!), and it's so easy to do (5-10 mins a day at the minimum), so why not?  

 

WSJ/FT just pick one an get headlines on the side from reuters if needed. If FT is preferred best to lock in the student rate now as they will keep hiking prices over the next few years. For magazines just subscribed to what interests you and check library first. I think for longform content depending on your goals there's not always the need to be reading the latest issue.

 

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