Tag Archives: journalists

An illustration of how the news are largely created…

An illustration of how the news are largely created, bloated and magnified by journalists. I have been in Lebanon for the past 24h, and there were shells falling on a suburb of Beirut. Yet the news did not pass the local social filter and did reach me from social sources. People do not seem to find it interesting enough to talk about it and it was unable displace local social gossip and love-related intrigues, or envy-driven reports on extravagant spending by some nouveau-riche. The shelling is the kind of thing that is only discussed in the media because journalists can use it self-servingly to weave a web-worthy attention-grabbing narrative.
It is only through people away from the place discovering it through Google News or something even more stupid, the NYT, that I got the information; these people seemed impelled to inquire about my safety.What kills people in Lebanon: cigarettes, sugar, coca cola and other chemical monstrosities, iatrogenics, hypochondria, overtreament Lipitor etc., refined wheat pita bread, fast cars, lack of exercise, angry husbands or wives, etc., things that are not interesting enough to make it to Google News.A Roman citizen 2000 years ago was more calibrated in his risk assessment than an internet user today. Let’s wait to see what Big Data does to the story.

via An illustration of how the news are… – Nassim Nicholas Taleb | Facebook.

In the past journalism was an act of courage…

In the past journalism was an act of courage, revealing truths in the face of powerful establishments and risking jail or even death. Today except in such repressive regimes as as Syria or Russia and except for war correspondents it is becoming the refuge of disconnected cowards.
In my entire career I have never seen a financial journalist go to “the other side”, that is pull the trigger or engage in risk taking or in any situation in which one can be exposed to harm from one’s opinion. This can be generalized to journalists in general, who rarely, if ever, switch to doing, all the while pontificating on “Steve Job’s mistakes” or similar purported errors of others, or praising Geithner and other powerful frauds. Jazi Zilber wondered why journalists seemingly so knowledgeable about politics never become politicians. It is the same problem: modern journalists are designed to be either cowards, or have a need to escape reality.
Yet the tragedy is that doers are in contact with the world through journalists.
(SKIN IN THE GAME (BOOK VII), comment)

via In the past… | Facebook.