Thursday, February 25, 2010

Information vs Entertainment

As I read today's newswires, I cannot help think of the quote from Gladiator (2000). After Maximus quickly dispatches another gladiator, he turns to the crowd...

Are you not entertained? Are you not entertained? Is this not why you are here? Crowd: Spaniard, Spaniard, Spaniard...

Real information, depending on your perspective - the truth, is rarely served on a silver platter. Headline grabbers such as "The Dollar is a safe haven", "Gold is a risky asset", "Depressions are always deflationary", "Stocks are historically cheap." It's only entertaining if you understand enough to put the pieces together yourself. Propaganda, economic spin, or MOPE is effective because most cannot.

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