Journalists Have Been This Way For Decades

Portfolio Armor's Photo
by Portfolio Armor
Friday, Apr 14, 2023 - 10:12
Elon Musk and BBC Reporter James Clayton
Elon Musk and BBC reporter James Clayton.

Submitted via Portfolio Armor

Journalists Have Been This Way For A Long Time

After Elon Musk exposed his BBC interviewer James Clayton's use of "hate speech" claims to advance the establishment's interest in political censorship, one of the interesting reactions was from Paul Graham, the influential founder of Silicon Valley's most successful accelerator, Y-Combinator

So far, so good. Then Graham invidiously compared today's journalists to Watergate's Woodward and Bernstein. That's when I pointed out that Woodward and Bernstein were more similar to today's journalists than he realizes. They were also tools of the establishment. 

I linked to Geoff Shullenberger's excellent thread about Watergate there, which I have shared in full below. After that, I'll close with another brief trade update. 

Today's Trades

We've got limit orders in for three earnings trades now: 

  • A bearish bet on a regional bank at risk of default. 
  • A bearish bet on a bank vendor with weak fundamentals. 
  • A bullish bet on a homebuilder with great fundamentals and a strong chart. 

If you want a heads up when these get filled, feel free to subscribe to the trading Substack/occasional mailing list below. 


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