What percentage of articles written about, say, HFT were written by someone who could succeed at this challenge: "Draw me an order book. Any order book."
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Related questions that would just be mean: “How many order books are there for Google shares? Within an order of magnitude is fine.”, “A retail investor does a market sell for five shares. Which order book is impacted and how?” “Same question, institutional investor, limit, 100k”
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Which would be ok, if it weren't a tradition in journalism to write as if one were an authority.
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Thank you — yes! — the presumption of authority is exactly the problem. As “generically smart liberal arts graduates,” we‘re not experts, we’re avatars for our audience. Our job is to ask the questions a generically smart person would ask. We’re in the questions business.
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Imagine a world in which they *were* labelled and you could just pay to subscribe to those.
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Although on second thought, that basically describes Harvard Business Review, and all the articles are so intense with real information that I procrastinate reading them and just hang around here instead. I'm my own worst enemy.
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Isn't that the point of journalism though? News isn't supposed to make you an expert in a tpoc, it's just supposed to get you a 2 weeks' study worth of information about the topic while requiring only 2 minutes of your time.
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but shouldn't the people writing it have some more than that? So they understand it properly and can then write the version for readers?
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I first realized this reading technology coverage by the NYT about Facebook while I worked there. So much of the reporting was far from the truth (while some was close). Then I learned of the Gell-Mann effect and realized worse: https://en.wikipedia.org/wiki/Gell-Mann_amnesia_effect …
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A good recent example: https://twitter.com/antoniogm/status/1099005258598998021 …
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