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Barry Ritholtz: Political Bias Corrupts Economic Analysis

TedTed
in Off-Topic
FYI: Those of you who over the many years have followed some of the thoughts and observations I jot down each morning may have noticed several themes. Prominent among them is that forecasting is folly; cognitive errors create investing mistakes; consider context when analyzing data; recency bias overemphasizes the latest data; mixing politics with investing is a costly mistake.
Regards,
Ted
http://www.bloombergview.com/articles/2015-04-07/political-bias-gets-in-way-of-economic-analysis

Comments

  • davidrmorandavidrmoran
    What you get for reading the National Review. I am very surprised; I thought Ritholtz was smarter than this. I mean, I know he is, and have read smart things from him.
  • CrashCrash
    Uncle Barry is correct. The spin-doctors on the news/talk channels do it all the time. They all see the same events, but report them differently, in line with the assumptions they bring to the table, when they actually do the job of reporting. Which is dishonest. Educated people who can think critically ought to be able to see through the facade. Sadly, overall, the American public is only semi-literate. I don't think he's siding with the Nat. Review. He's using it as a good BAD example. And, yes: you can't have a conscience and invest.
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