As news organizations scrambled to correct their coverage, for instance, traders at Manifold determined that the IDF probably hadn’t been responsible for whatever had happened on that particular night at the Gaza hospital.[*19] But the bigger concern I have,
As news organizations scrambled to correct their coverage, for instance, traders at Manifold determined that the IDF probably hadn’t been responsible for whatever had happened on that particular night at the Gaza hospital.[*19] But the bigger concern I have,
In other words, people who don’t know better are often wrong by accident, and people who do know better are sometimes wrong on purpose—and whenever a modern news story explodes, everyone recognizes that possibility. But we question this far less when the information comes from the past.
Chuck Klosterman • But What If We're Wrong?: Thinking About the Present As If It Were the Past
We harbor a crippling dislike for the abstract. One day in December 2003, when Saddam Hussein was captured, Bloomberg News flashed the following headline at 13:01: U.S. TREASURIES RISE; HUSSEIN CAPTURE MAY NOT CURB TERRORISM. Whenever there is a market move, the news media feel obligated to give the “reason.” Half an hour later, they had to issue a
... See moreNassim Nicholas Taleb • The Black Swan: The Impact of the Highly Improbable (Incerto Book 2)
Speed, he argued, is the enemy of rigor. “Complex and slippery,” news takes time to understand. “The true patterns of the journalistic apprentice are not the slick persons who scoop the news, but the patient and fearless men of science who have labored to see what the world really is.”