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Lies…and bloody lies !!
At school I was proficient, and not a member of the A Forms. The only prize I ever collected on the numerous Speech Day‘s I attended was the Parents and Friends Essay prize. This encouraged me to write, and upon leaving school I was fortunate enough to win one of the few cadetships on The Advertiser…South Australia’s morning broadsheet.
In the late 60’s, budding journos didn’t go to uni to get a degree in communications or the like, they had to win a Cadetship from a media organisation. As with most apprenticeships, this entitled them to enjoy all the most rudimentary jobs. However, each cadet was assigned a mentor, and I was lucky enough to get Des, one of the ‘Tisers most highly regarded Features writers.
Des was a good mate of Max, a Contributing writer for the paper. Each Thursday evening they would get together at the Criterion, the paper’s watering hole. Occasionally they would be joined by a colleague from The News, Adelaide’s evening tabloid. I was invited to attend for the sole reason of fetching the next round, but it afforded me the opportunity to listen in on the lively conversation. Des and Max we’re old school journos, who did everything by the book…to only commit to paper something that was properly researched and accurate. Their colleague used to mock them for this, saying whatever it took to sell newspapers…his name was Rupert.
Like the SMH, the Age and other state morning broadsheets back then, The Advertiser was a highly successful family owned newspaper that dined out on classified advertising known as ‘the rivers of gold’. They were able to afford the best journos and writers, and allow them the time to produce well researched stories.
That era has passed, and as we’re all aware newspapers, in fact all traditional mainstream media are struggling to stay afloat. The fallout of this is poorly trained journos with little time for research, being pressured to present controversial stories…the more sensational the better to increase ratings or circulation in order to survive.
Added to this, they now have to compete with the totally unregulated, irresponsible, often defamatory world that is social media.
As Rupert would say to Des and Max…whatever it takes to sell newspapers.
If you can accept the above, it will help you understand why we get what we do from such esteemed financial publications as MF, the AFR et al. Of course there is no excuse for this, but don’t get your knicker’s in a twist… it’s just a sign of the times.
Btw…scalability has been raised in recent posts. You may find this hard to believe after I berated Lou and his fellow board members who attended the 2018 AGM, but we actually struck up a friendship of sorts. At a lunch we had, I recall him saying that the lack of scalability was a major reason why Studio was shelved.
At school I was proficient, and not a member of the A Forms. The only prize I ever collected on the numerous Speech Day‘s I attended was the Parents and Friends Essay prize. This encouraged me to write, and upon leaving school I was fortunate enough to win one of the few cadetships on The Advertiser…South Australia’s morning broadsheet.
In the late 60’s, budding journos didn’t go to uni to get a degree in communications or the like, they had to win a Cadetship from a media organisation. As with most apprenticeships, this entitled them to enjoy all the most rudimentary jobs. However, each cadet was assigned a mentor, and I was lucky enough to get Des, one of the ‘Tisers most highly regarded Features writers.
Des was a good mate of Max, a Contributing writer for the paper. Each Thursday evening they would get together at the Criterion, the paper’s watering hole. Occasionally they would be joined by a colleague from The News, Adelaide’s evening tabloid. I was invited to attend for the sole reason of fetching the next round, but it afforded me the opportunity to listen in on the lively conversation. Des and Max we’re old school journos, who did everything by the book…to only commit to paper something that was properly researched and accurate. Their colleague used to mock them for this, saying whatever it took to sell newspapers…his name was Rupert.
Like the SMH, the Age and other state morning broadsheets back then, The Advertiser was a highly successful family owned newspaper that dined out on classified advertising known as ‘the rivers of gold’. They were able to afford the best journos and writers, and allow them the time to produce well researched stories.
That era has passed, and as we’re all aware newspapers, in fact all traditional mainstream media are struggling to stay afloat. The fallout of this is poorly trained journos with little time for research, being pressured to present controversial stories…the more sensational the better to increase ratings or circulation in order to survive.
Added to this, they now have to compete with the totally unregulated, irresponsible, often defamatory world that is social media.
As Rupert would say to Des and Max…whatever it takes to sell newspapers.
If you can accept the above, it will help you understand why we get what we do from such esteemed financial publications as MF, the AFR et al. Of course there is no excuse for this, but don’t get your knicker’s in a twist… it’s just a sign of the times.
Btw…scalability has been raised in recent posts. You may find this hard to believe after I berated Lou and his fellow board members who attended the 2018 AGM, but we actually struck up a friendship of sorts. At a lunch we had, I recall him saying that the lack of scalability was a major reason why Studio was shelved.
) until I realised how little difference they make on a stocks price in the medium to long term. The insto's own the market. We just play around their feet. As BRN moves further into commercialisation the yapping will die down and they'll move on. It has with my other stock but you still get the occasional squeak from a blow-in. Some just can't help themselves. It's hilarious and they disappear just as quick.
