Friday, 19 October 2007

The Press

Making money off of media bias


Mickey Kaus:

The moderate lib bias of the MSM is a huge irrational, distorting force on the information flow to the American elite, prompting them to not infrequently make colossal misjudgments (like thinking John Kerry would be a solid presidential pick for the Dems). To the extent this organic MSM bias actually distorts the market, it should create opportunites for stock-picking. Why not start an investment fund --call it the Cocoon Fund or the Pinch Portfolio-- that would 1) search the papers for bogus liberal memes (like the subprime-dooms-the-economy story line, or the perennial UAW-to-organize-Nissan's-Smyrna-factory line); 2) figure out which stocks are underpriced because people actually believe this bogus meme; and 3) invest in those stocks. ...
Or you could just short New York Times.

Posted by: Old Grouch in The Press at 14:50:32 GMT | No Comments | Add Comment
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