juraj on Nostr: Well, if you have edge, you don't write about it. So only not so interesting stuff is ...
Well, if you have edge, you don't write about it. So only not so interesting stuff is written about, the really interesting stuff is traded.
That's why I like market prices (including prediction markets) more than journalists. I once wanted to bet 100$ with a financial journalist ("analyst") so he has more skin in the game in his "prediction". He did not want to do it - he earns a salary as a journalist regardless of whether the stories he invents in his head are true or not. The real category of financial journalism is "entertainment".
(Here's a chapter from my book about prediction markets: https://juraj.bednar.io/en/blog-en/2021/06/23/prediction-markets-crowdsourcing-information-for-good-decisions/ )
That's why I like market prices (including prediction markets) more than journalists. I once wanted to bet 100$ with a financial journalist ("analyst") so he has more skin in the game in his "prediction". He did not want to do it - he earns a salary as a journalist regardless of whether the stories he invents in his head are true or not. The real category of financial journalism is "entertainment".
(Here's a chapter from my book about prediction markets: https://juraj.bednar.io/en/blog-en/2021/06/23/prediction-markets-crowdsourcing-information-for-good-decisions/ )