[FRIAM] Nautilus: Investing Is More Luck Than Talent

[Marcus Daniels]

Robert writes:

“The former--predominately the MSM--freely castigates any news source other than from among their own too-often colluding colleagues. The former fears the latter, especially since the barriers to entry are so low, comparatively.”

Here again there is a benefit and a cost associated with the accumulation of media power.   Without millions of dollars of cash flow, there can’t be professional investigators.   Even skeptics of the expertise of journalists have to admit that an advantage of having a job is that you can do it all the time.    The 5th estate may be less censored in their remarks, but without actual evidence they’ll run out of new things to say.

Marcus
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