The tricky thing about predictions made by public entity or persona is that, the fact that they are making public predictions creates a major influence on the outcome itself. People react to predictions made by them.
I'd love to know if "the pink" has the same problem because I used to find the editorial very good. As a non-investor, left leaning voter, it interested me that I found much to agree with in "the financial times" while still finding much to disagree with in "the times" and "the daily telegraph" and "the spectator" -as if money was more neutrally stanced on left-vs-right.
After subscribing for 15 years or so, I noped out after their "walker" cover. The world has enough "both sides" journalism, and I had thought them somewhat immune from that.
> Betteridge's law of headlines is an adage that states: "Any headline that ends in a question mark can be answered by the word no." It is based on the assumption that if the publishers were confident that the answer was yes, they would have presented it as an assertion; by presenting it as a question, they are not accountable for whether it is correct or not.
The Economist is partly owned by the Rothschild dynasty and was chaired by Evelyn de Rothschild for 17 years, so I've always just assumed it is going to tell you whatever would favor the global elite banking class.
After reading their newspaper (their label, not mine) for years, I've come away with three revelations:
A) More than gaining insight and staying abreast of events, what I was really purchasing was the /feeling/ of being in-the-know.
B) Whenever I met with "certain" people, they were likely to also read The Economist which turned out to be another, tremendously handy means of anchoring conversation.
C) The trade balance tables on the inside back page were always interesting, sometimes jaw-dropping.
The economist is the only paper I read where articles on topics I know about are fair, balanced and grounded in science. The opposite of the Gell-Mann Amnesia Effect.
Bernie's mittens of Fire can roundturn to Biden as dab-brushes, the economist can arrange for a formal hearing for Iowa caucuses as letters to Lagrange as first claim.
The Economist has been publishing since 1843. As such, one could be forgiven for expecting an article entitled "Is The Economist Always Wrong?" to engage meaningfully with the track record of either the publication or the field with which it shares its name in any meaningful way. Alas.
> To assess our record with something approaching neutrality, we took the 7,000 or so leaders The Economist has published this millennium and fed them into GPT-5.5, an artificial-intelligence model.
"This millennium" is 26 years old. This millennium is still getting charged extra for renting a car. This millennium never saw the Soviet Union. This millennium never used a payphone, doesn't know what a collect call is, and doesn't know why you might need to make one.
This millennium is also entirely, utterly, absolutely defined by the short-sighted ideas of the economist.
I have a hard time passing on the economist. Best reading out there that is condensed and to the point.
The FT is great but I’m a paper guy and the font got too small to enjoy it.
40 comments
[ 3.2 ms ] story [ 54.6 ms ] threadhttps://en.wikipedia.org/wiki/Betteridge%27s_law_of_headline...
https://archive.is/FziAy
The Economist is partly owned by the Rothschild dynasty and was chaired by Evelyn de Rothschild for 17 years, so I've always just assumed it is going to tell you whatever would favor the global elite banking class.
Who cares if they're right about something? Are they putting money on the line? What is their P/L for being "right"?
> To assess our record with something approaching neutrality, we took the 7,000 or so leaders The Economist has published this millennium and fed them into GPT-5.5, an artificial-intelligence model.
"This millennium" is 26 years old. This millennium is still getting charged extra for renting a car. This millennium never saw the Soviet Union. This millennium never used a payphone, doesn't know what a collect call is, and doesn't know why you might need to make one.
This millennium is also entirely, utterly, absolutely defined by the short-sighted ideas of the economist.