I read most everything written online about the sectors and the companies we invest in. I know the truth about many of these stories. And I am constantly shocked about how wrong the media gets it. I am not going to call out any specific journalist or story but I would simply advise folks to take everything they read with a big grain of salt.
I would be particularly cautious when the subject of the story does not make themselves available for the journalist. The journalist can get pissed and take swipes.
It's important to stay abreast of what's going on. I am not saying don't read the stories. I am simply saying that you should not take them as gospel. Treat them for what they are; a mix of facts, gossip, and fantasy. The fantasy quotient is particularly high these days, for some reason.
And the publication standing behind the journalist doesn't seem to matter a bit. Techcrunch can be really good, and it can be really bad. The NY Times can be really good, and it can be really bad. I have read pure fantasy in both.
I often wish I could write the truth. But the truth is often told to me in strict confidence. So I can't and won't. The media's job is to find out the truth and print it. I am glad we have a media in society whose job is to do this. I'm just shocked at how often the truth is missing and fantasy is told in its place.
