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Non-Tech : The WOLF PACK -- Ignore unavailable to you. Want to Upgrade?

To: WhatsUpWithThat who wrote (784)	5/30/1999 10:54:00 AM
From: Crazy Canuck	Respond to of 1692

>>Face a requirement for a column a day (or week, or whatever) and you end up finding things to fill it.<< I agree that business writers who have a daily column to prepare do not have it easy! However, what I find so reprehensible is that a number of them have shown a reluctance to do some real due diligence on their own, and have taken the easy route of relying on one or two analysts to fill up their columns. Whether this stems from a sense of loyalty friends in the business, convenience, habit, or pressure should be open to examination. I want to be clear that I am not looking for analysts or a business writers to validate every decision I have made. That would be stupidity. What I do expect, (and haven't seen very often lately), is a good balanced approach to coverage on a company. Especially a Canadian technology or Internet based company. Some writers have basically prostituted themselves to being the mouthpieces for one or two analysts that they have on their speed dial. In my opinion, a good reporter should strive to provide a balanced perspective so as to let their readers form their own opinions. When a writer wants to express their opinions, they have the editorial pages to provide that outlet. Once again, I agree with you. It must be tough to have to pump out a daily column, be interesting, and occasionally controversial so that you can sell papers. However, in order and to develop a loyal readership, which is essential for long term career success, I believe that a writer has to be someone who I / we can trust to present fair and well researched work. >>James Cramer: a fascinating look into a hedge fund manager/trader's internals. He loathes the "talking heads" and "dead tree writers" (ie magazines, newspapers, etc) and many analysts, too. << I find it interesting that Mr. Cramer is regularly one of the most opinionated talking heads that are featured on CNBC. His outspoken views (which are part of the reason for Street.Com's success - of which he is a co-founder), has made him a fortune worth hundreds of millions of dollars! So, who do you trust! I don't put my blind trust in any business writer or analyst. I evaluate their work based on what I believe to be true, and I try to be open for change. A good writer who does his / her homework, who presents the facts, along with both sides of an opinion will have my respect and attention. What I don't trust, are those who seem to have either another agenda, or who seem to continually take the easy route to the achievement of their goal. Unfortunately, the good ones are hard to find. Sadly, there seems to be too many lazy writers (and analysts) who are loyal to their friends. Now these writers may not have a hidden agenda, but I believe strongly that their friends do! Crazy Canuk