Sebastian Mallaby
Undertone
The Influence of Journalism on Investing and Misunderstandings in Finance
The career beginnings of successful investors like Alfred Winslow Jones and Mike Moritz as journalists show the value of curiosity and discovery in both fields. By looking at examples like Roger Lowenstein, who focuses on the intellectual process of investment decisions rather than condemning business operators, we see the importance of understanding finance beyond surface-level judgments and wealth obsession. The general public often misunderstands finance, viewing it negatively without appreciating the need for decentralized planning by financiers to intelligently allocate limited capital in the global economy.
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