There is a bit of a divide in the community of professional investors about financial news media like the Wall Street Journal, the Financial Times, or The Economist. Arguably, all these publications are extremely valuable to retail investors and people who are working in the financial industry but are not directly involved in investment decision making or security analysis. For these people, these publications are a good way to get information about markets. But for the folks who have an enormous amount of specialised financial data at their fingertips and spend their days analysing that data, there is nothing these publications can write that is truly new.
No edge over other investors on individual securities, but for me an edge over speculators through columns like Jason Zweig's The Intelligent Investor. Advice on investing, not investments.
I disagree. I don't read the WSJ or economist for a trading edge, nor for market commentary (sure it contains some of that). I read it to stay somewhat informed about trends and patterns in the business world, which indirectly influences my otherwise narrow world view. Here is an article they wrote on SPACs that contains a dataviz. I agree with one of the commenters wrote, "Great graphical depiction. Best I have seen." And regarding the Economist, it barely has any market market commentary ... I don't have time to read each Economist, but of course that publication would not be giving readers an direct "edge" in trading. It's about learning about the world; e.g., I've never been to China. Where else. I take the FT, it has excellent Big Reads.
Howard Marks related the story of his son, who once said they should invest in Ford Motor Company because it had a new model in the pipeline.
Marks' response: "Who doesn't know that?"
I get my advantage by reading Klement on Investing
No edge over other investors on individual securities, but for me an edge over speculators through columns like Jason Zweig's The Intelligent Investor. Advice on investing, not investments.
Great, now run that same analysis on Elon’s Twitter feed!
I disagree. I don't read the WSJ or economist for a trading edge, nor for market commentary (sure it contains some of that). I read it to stay somewhat informed about trends and patterns in the business world, which indirectly influences my otherwise narrow world view. Here is an article they wrote on SPACs that contains a dataviz. I agree with one of the commenters wrote, "Great graphical depiction. Best I have seen." And regarding the Economist, it barely has any market market commentary ... I don't have time to read each Economist, but of course that publication would not be giving readers an direct "edge" in trading. It's about learning about the world; e.g., I've never been to China. Where else. I take the FT, it has excellent Big Reads.