Of all the tools investors and traders have at their disposal to understand the markets, financial journalism must surely rank at or near the bottom--perhaps slightly above the rantings and ravings of neo-Marxist professors and the homeless, but only perhaps. The problem is simple: financial journalists need to produce new content every day. Since binary cause-and-effect chains are difficult to find in the real world, the content they produce is frequently wrong.
And yet financial journalism generates headlines that can still move markets.
Our goal here at The Arbit is to bring to you a daily dose of all the absurd explanations, negated predictions, illogical arguments, and contradictory statements we can find in the world of financial journalism. Our team has experience in the hedge fund industry, venture capital, international business, law, and journalism (but the good kind).
Our name is derived from the Latin root for "judge," as in arbitrate, arbiter, arbitration--and even arbitrage, for you finance types.
We know we will have fun. We hope you do, too.
Transcript: Chris Davis of Davis Funds
15 hours ago
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