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How does financial journalism work?
Inside views of “how the sausage is made” in the business of presenting investment news.



Jason's Answers

Good Advice, or Advice that Sounds Good?
01/01/2004
On the ethics of personal-finance journalism: A guest column for the American Press Institute’s Donald W. Reynolds National Center for Business Journalism
http://www.businessjournalism.org/content/3194.cfm


The markets on Public Radio
08/08/2003
Give-and-take on the financial markets between Jason and Public Radio’s Kai Ryssdaal. You can hear it here:
http://marketplace.publicradio.org/shows/2003/08/08_mpp.html


Bubble Trouble: The Role of Media in Investment Reporting
05/01/2003
At the annual meeting of the Association for Investment Management & Research, a panel of journalists discussed the influence of the stock market bubble on their reporting. Jason moderated the panel, consisting of: Herb Greenberg, columnist, TheStreet.com and Fortune; Hilary Kramer, business news analyst, Fox News; Dagen McDowell, senior writer, TheStreet.com; and Andrew Willis, markets columnist, The Toronto Globe and Mail.
http://www.cfainstitute.org/pressroom/fjnews/fjJJA03.html#11


Market news on Public Radio
09/13/2002
Jason wraps up the week’s investing news with Public Radio’s David Brancaccio. You can hear it here:
http://marketplace.publicradio.org/shows/2002/09/13_mpp.html


Performance Review: Part 3
08/01/2000: money.com
I've been answering your questions in Mutual Fund Mailbag for just about a year now, and I think I've gotten things mostly right. Just to be sure, though, I've asked some of the investing world's top minds for their two cents. In this three-part series, I square off with Vanguard's John Bogle, efficient-market theorist William Bernstein, and finance professor Terrance Odean on the issues you've written in most about. This week: Odean slaps me upside the head.
http://robots.cnnfn.com/2000/08/01/mailbag/mailbag/index.htm


Performance Review: Part 2
07/25/2000: money.com
I've been answering your questions in Mutual Fund Mailbag for just about a year now, and I think I've gotten things mostly right. Just to be sure, though, I've asked some of the investing world's top minds for their two cents. In this three-part series, I square off with Vanguard's John Bogle, efficient-market theorist William Bernstein, and finance professor Terrance Odean on the issues you've written in most about. This week: Bernstein gives me a bashing.
http://robots.cnnfn.com/2000/07/25/mailbag/mailbag/index.htm


Performance Review: Part 1
07/18/2000: money.com
I've been answering your questions in Mutual Fund Mailbag for just about a year now, and I think I've gotten things mostly right. Just to be sure, though, I've asked some of the investing world's top minds for their two cents. In this three-part series, I square off with Vanguard's John Bogle, efficient-market theorist William Bernstein, and finance professor Terrance Odean on the issues you've written in most about. This week: Bogle beats me up.
http://robots.cnnfn.com/2000/07/18/mailbag/mailbag/index.htm


Don\'t Get Me Wrong
07/01/2000: Money Magazine, Vol. 29 No. 7
When should a fund manager--or an investor--admit a mistake?
http://money.cnn.com/best/magazine_archive/2000/07/FUN.html;
http://www.jasonzweig.com/uploads/7.00Longleaf.pdf


Ground Zero
06/29/2000: money.com
Zero-coupon bonds are a good way to lock in a rate of return. Just be prepared for a rocky ride.
http://robots.cnnfn.com/2000/06/29/mailbag/mailbag/index.htm


Do health-care funds make sense?
03/10/2000: money.com
Depends who you ask--but if it's a financial journalist, think twice.
http://robots.cnnfn.com/2000/03/10/mailbag/mailbag/index.htm


The risk is not in our funds, but in ourselves
11/19/1999: money.com
Jason counsels a reader that the best way to measure risk is not by looking at betas and standard deviations, but by taking a hard look in the mirror.
http://robots.cnnfn.com/1999/11/19/mailbag/mailbag/index.htm


1974 and 1999: History Turned Upside-Down
10/01/1999
In this speech to the Foundation Financial Officers Group (a club for major institutional investors), Jason looked back exactly 25 years to late 1974 -- when the outlook for investing was the polar opposite of late 1999. With internet mania at its most euphoric, Jason warned that investors always get carried away at market extremes. This speech combines a historical viewpoint with insights from behavioral finance to create a perspective that may be useful even today.
http://jasonzweig.com/BipolarMarkets.doc


“Expert Q&A”
08/01/1999: morningstar.com
In this online chat, Jason fields questions from Morningstar users about everything from stock-picking “systems” to index funds, how and why to use a broker, investing in corporate bankruptcies, saving for college, the fine points of bond funds, and the ethics of financial journalism. [Conversation 676: in the “Jump to #” box, enter 676]
http://socialize.morningstar.com/NewSocialize/asp/fullconv.asp


False Profits
08/01/1999: Money Magazine, Vol. 28 No. 8
You now have all the tools you need to pick your own pocket. (A critique of the stock-picking “strategies” of the Motley Fool.)
http://money.cnn.com/best/magazine_archive/1999/08/fnd08_fi.html;
http://www.jasonzweig.com/uploads/8.99FalseProfits.pdf


Fools and their money
07/21/1999: money.com
Reaction is swift, strong (and more than a little foolish) to Zweig's Money column criticizing the Motley Fool.
http://robots.cnnfn.com/1999/07/21/mailbag/mailbag/index.htm


Baloney.com
05/01/1999: Money Magazine, Vol. 29 No. 5
Don\'t believe the hype about Internet stocks and funds.
http://money.cnn.com/best/magazine_archive/1999/05/fnd05_fi.html;
http://www.jasonzweig.com/uploads/5.99Baloney.com1.pdf;
http://www.jasonzweig.com/uploads/5.99Baloney.com2.pdf


“Wall Street: The Sexy New Beat”
04/01/1999
What are the motivations -- and conflicts -- behind personal-finance journalism? Jason moderates a panel sponsored (and entitled!) by the Center for Communication on covering the financial markets.
http://www.cencom.org/INDEX.HTM/transcripts/transcripts/WallStreet.htm


Mutual Bet: Beating the Odds?
10/01/1997: PBS
In this interview for PBS’s The News Hour with Jim Lehrer, Jason discusses the chronic underperformance of mutual funds: what causes it and what investors can do about it. Transcript available here:
http://www.pbs.org/newshour/bb/business/july-dec97/mutual_10-1.html


Is Your Mom a Hedge Fund?
06/12/2012: WSJ Online: Total Return blog
What does it mean when `households` invest in government bonds?
http://blogs.wsj.com/totalreturn/2012/06/12/is-your-mom-a-hedge-fund/


Are Individual Investors Fleeing Stocks? Nope
06/27/2012: WSJ Online: Total Return blog
A look beneath the headlines about small investors getting out of the stock market.
http://blogs.wsj.com/totalreturn/2012/06/27/are-individual-investors-fleein...


Are Retail Investors `Fleeing` Stocks?
08/27/2012: WSJ Online: Total Return blog
Not exactly.
http://blogs.wsj.com/totalreturn/2012/08/27/are-retail-investors-fleeing-st...


Columnist for Barron`s Turned Phrases, Stocks
05/10/2013: The Wall Street Journal
Obituary for Barron`s editor and columnist Alan Abelson. (With Stephen Miller.)
http://online.barrons.com/article/SB100014241278873242443045784733409662304...


Bloomberg Saga Highlights Clash Between Two Worlds
05/15/2013: The Wall Street Journal
The backdrop to the Bloomberg `data-snooping` scandal. (With William Launder, Christopher S. Stewart, Dan Fitzpatrick.)
http://online.wsj.com/article/SB10001424127887324216004578483480951951260.h...


The Big Corruption in Small Gifts
12/21/2012: WSJ Total Return Blog
Don`t let any financial adviser or journalist tell you that accepting presents `of minimal value` is harmless.
http://blogs.wsj.com/totalreturn/2012/12/21/the-big-corruption-in-small-gif...


Saving Investors from Themselves
06/28/2013: WSJ Money Beat Blog
A personal essay on what investing journalism should be all about.
http://blogs.wsj.com/moneybeat/2013/06/28/the-intelligent-investor-saving-i...


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JasonZweig.com is my place to tell you what I think about a whole lot of investing stuff. I’m the only one responsible for my opinions, but I can’t guarantee they’ll always be right. If you don’t like what I say or it turns out to be wrong, I’m sorry; you can’t sue me. The material you find here is not meant as specific investing advice for you, and if you use it that way and something goes wrong, that’s your problem, not mine. To get individualized investing advice, you need to do your own homework or else hire a financial advisor, a tax professional, or a lawyer to do it for you (and even then, you’d better watch like a hawk!). If you think anything on this website is an invitation for you to buy or sell any investment, you need to get your head examined. What’s more, I’m not soliciting business of any kind, because I don’t have any business to solicit. (Believe it or not, I don’t want your money.) I’ll do my best to avoid any conflicts of interest in running this website, but I don’t have silvery wings and a halo, and somebody might manage to corrupt me. If that happens, it’s your job to notice and to be disgusted by it. In short, none of my best efforts to be honest, sensible, and trustworthy exempt you from your constant duties to treat what I say with the same skepticism you should treat anyone’s pontification about investing. I wish you good luck!

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