I must be doing my job right
I am doing a great job at columnizing, at least according to this unidentified financial columnist quoted in David Carr's column on media coverage of the financial crisis:
“You aren’t doing your job right if you don’t have an in-box full of hate mail,” said one financial columnist who didn’t want to be identified.
There is also this truthful gem:
“The headline that you will never hear is ‘The market was down 110 points, a random fluctuation in a very complex system,’ ” said Eric Schurenberg, the former managing editor of Money magazine who is busy building — get this — a financial Web site for CBS. “No one has ever known what was going to happen, but there is this temptation to act like you did. But that fantasy has been exploded.”







Comments
Thanks for this, Jay. I used to think my failure to understand the market was a personal failing, but now I've decided that it's the system that behaves irrationally.
Posted by: Dahlink | February 16, 2009 6:14 PM