News source recommendations
Hello all
I know in this industry it is important to follow the news for financial info and to be aware of what’s going on. However there is so much bias these days I don’t know what to read. Any suggestions?
Thanks
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Career Resources
“Financial Times is the most prestigious reading material so naturally that's what I carry around. The pale salmon color makes me smile.”
https://www.infowars.com/
Bloomberg. The FT and The Economist for more general news, although The Economist has gone downhill since Bloomberg bought Micklethwait away from them. There are a couple good notes out there too, although you normally need to be 'in the know' to sign up for them. The Virtu (Formerly Knight Capital/KCG) ETF morning note is particularly applicable to my job.
>The Economist has gone downhill since Bloomberg bought Micklethwait away from them
That's the issue, where else can people turn now that the Economist has gone down the toilet?
The Economist has not gone "down the toilet"
Edit: Doesn't matter how much monkey shit this post gets either.
Economist, FT, BBC >> WSJ >> etc.
Newsletters: Axios Pro Rata (with Dan Primack, formerly of Fortune's Term Sheet); Oaktree Howard Marks letter
cockney fool
just kidding, these are fine. I wanted to give a contrarian answer.
I'm in my 6th month of this experiment, so we'll see if it sticks. I've stopped reading the news in the way you might think. my old routine was read WSJ for 15-20 mins daily, read my firms monday briefing, listen to podcasts from all the major firms, read research at night, bury myself in quarterly updates when they came out, and watch bloomberg for 10 hours a day (in the background of course).
I wondered if it was adding value, so I've done the equivalent of a water fast but for news. only Reuters notifications (not counting newsletters like howard marks). it's liberating. I'd argue that when you're young, you need to have a consistent intake of data until you start to connect the dots and make sense of things, but once you're more senior in career, you don't need much. I follow some news outlets on twitter but I do that mostly to talk shit, I'll listen to podcasts but not for current events, mostly on broad investment topics.
here's the harsh truth - the world doesn't change that much day to day, so unless part of your job is commenting on current events, it likely doesn't add anything of value to your business, maybe just some personal satisfaction that you're "up to date," which I've found is not something I care about personally.
so yes, follow the traditional news outlets, but on a regular basis ask yourself what it's adding to your life. if it's subtracting or you're unsure, get rid of it.
and for those who are wondering if this has affected my job? so far, no. I imagine if I was a short term trader, it'd be more meaningful, but I don't see the benefit in my world.
Drudge Report
Love this answer; also, relevant username.
No matter how much they call themselves ''classical liberals'', they heavily support the woke agenda which finds its roots and framework in Marxism. Combined with the cheerleading for that ludicrous individual that's Macron, the content has become mostly garbage.
FT suffers from Brexit derangement syndrome but they still have a good percentage of quality articles. WSJ is good. Reuters is mostly good. Bloomberg declining in quality as well.
A news source that praises Warren is delusional with respect to finance and is biased. She literally wants to bring down high finance altogether.
Office water cooler.
the water coolest
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