Knowing the Quality of Reporting
Follow up to understanding the headlines
As I sit here and think about my strengths and weaknesses, I most definitely won’t pick up nuances in most industries. My interest just doesn’t go that deep. But I will surely follow someone, pay money, and spend my time understanding their argument if they are enthusiastic about unknown industries, like Lithium.
This post briefly argues, again, that the benefit of understanding what we read and consume may not be exactly what is described.
It was surprising to see Mith Besler pick up on something that relates to headlines right after my article and write a wonderful piece on his subject: the quality of the headline and article.
His article was based on his X post
If I were a WaPost subscriber, I would surely want to know whether I’m getting an AI article or a real journalist because if they don’t think highly of its reader base then what else are they spoon feeding you on that may not be correct?
On a side note, it’s very good to know that a leading paper is writing about it but naively. It says the industry is new and uncertain and especially so as many investors will base their decisions on information that may not correct.
That is what you call in the investment world, an edge. And what will get you kicked out of a casino.
I’m of the opinion, passive investing and active investing for most people is not the right way for the next decade because of the trust factor.
We are trusting institutions to mindlessly execute on a strategy on an index that is heavily weighted to only a few names and conversely investors that are active are betting on those names and assuming that markets are predictable.
I feel very passionate that most people should absolutely be passive in investing in specific names that make sense for the long term but active in reading and researching the opportunities out there.
That’s the service I’m looking to provide and you will know when Lithium starts to be popular when Mith Besler begins to raise his price. Normally, older Substack subscribers tend to be grandfathered on accounts so just another heads up.
I most certainly didn’t plan on publishing this today but Substack claimed my other article was 100% AI and well, I have to work on it then.
Make it a jam packed Sunday,
Eric
