Poll: Best Print News Sources/ Reading Materials
This goes for IB, PE, HF, VC etc.
I'm interested in knowing what you guys like reading the best and why, out of the following mainstream publications. New sources are welcome.
NY Times
Bloomberg Markets
Financial Times
Wall Street Journal
The Economist
Harvard Business Review
McKinsey Quarterly
The Deal
I'm sure I've skipped a few...thoughts?
Bloomberg Markets The Economist FT WSJ Harvard Business Review
The Deal - maybe, not too familiar McKinsey - no experience, I am sure it is good
NYT - Puke
I read NYT for Dealbook (I think it is only online). I also read random NYT articles posted on twitter or on WSO.
To be honest, the Journal sucks now, IMO. I used to read it a lot but I feel it is now on the same level as NYT and USA Today lol.
I get HBR both in print and online and I really enjoy it. It is not finance related at all but its great to see what is going in terms of management theory, business trends, etc.
FT and Bloomberg Markets are great. I really enjoy both of these.
I also get Bloomberg Businessweek and Fortune for free from an organization I am a part of, and I do not enjoy these as much. I find it is too little value-added information, too late after a news story has occurred.
I also like Foreign Policy. I read it online right now, but I plan on getting a subscription to this and to the Economist as well. FP may be a little left-of-centre for some people, but I do enjoy reading through it.
If I had to rank them:
FT Bloomberg Markets HBR
FP
Bloomberg Businessweek/Fortune
Ladies Home Journal
WSJ/NYT/USA Today
I think BB Markets is garbage. The news pieces are basically 3 weeks old rehashed things from bloomberg.com or other sources. The rest of it is "how to use things you will never use on your bloomberg terminal". I'll take businessweek for pertinent and interesting stories any day over Markets.
Newspapers: You still have to glance at the WSJ, if only because they do sometimes break stories,and they have good investigative pieces on occasion (kate kelly on bear and many who came before her). Plus you dont want to be the schmuck with the blank look on his face should a superior, client etc ask "did you see that piece in the journal this morning?"
FT is mostly good.
HBR is way to0 "management" oriented for me. Most of it sounds like it was written by Jack Donaghy.
foreign affairs every now and then has good economics related essays
NY Times - bird cage flooring material Bloomberg Markets - paper weight. BW is much better/current if you like BBG stuff Financial Times - top of the line fantastic Wall Street Journal - good-ish, in depth, more so than FT The Economist - random subjects. good to sound smart and worldly at cocktail Harvard Business Review - pretty good McKinsey Quarterly - no idea? The Deal - no idea?
Washington post has very good political economics stuff.
the following suggestion isn't mainstream, or media for that matter, but good/relevant idea material, etc: go to fed reserve/regional fed web pages and look at their working papers/research. SF fed letters and NYFRB especially.
FT uber alles (in Europe at least, this is indisputable)
Bloomberg markets looks useless. Cute (in pejorative sense) functions in prime view.
The Economist: I like. A lot of the news are repetitions of news you have already seen, but also news you have missed and the analyses are good.
Wall Street Journal and NYT: too biased for my liking. In europe, the WSJ doesn't even have the must-read status, so I just skip it.
HBR&McKinsey Quarterly: good, although I mostly read pieces about long term trends.
Well, to start with, there's just the fact that I live in Europe, and FT has an european focus just as much as WSJ has an american focus. (but both of them offer coverage of global issues). Can't change that.
At the end, though, FT wins because of balance, consistency and style.
balance&consistency: WSJ is right-leaning and FT is conservative leaning. However the FT has regular contributors of high value and often puts pieces with contrasting views on the same page. Meanwhile, on the WSJ sometimes I see GREAT contributions, other times I see mad rants which just spoil my reading.
style: Let's face it, there's a elitist undercurrent in the FT which they don't even try too hard to hide. They mix up real world expertise with theories in business and politics, which makes it a stimulating read. The WSJ instead tends to pander and dumb it down. I know that I am generalizing, but that's just the feeling I get.
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