The Wall Street Journal and Fox News/Business lack expertise on real estate investment, inflation, and 2024 warfare
Posted by John Reed on
Fox News and Fox Business are a repertory company. That is they have a platoon of “personalities” who handle all subjects.
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This is a big change from the 1970s and 1980s. Back then the attitude of the media was that they get the best advice from the best in the world on every subject because they can call anyone and they will allow themselves to be interviewed by the top media.
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The new assumption is that the repertory platoon of “personalities” are omniscient. They can pontificate on anything and everything from military tactics and strategy to stock, real estate, commodities, economics, and monetary stability.
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When they cast a major motion picture or a Broadway play, they use the best actors on earth. With a repertory company, they just cast the best person within the group for each role.
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Thus do I hear Charlie Gasparino and Kevin O’Leary holding forth on real estate investment. They seem to be very knowledgeable about stocks. But when they talk about real estate, they reveal themselves to be just laymen with regard to knowledge of that asset.
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With regard to the military, Fox people talk about it different that you read here. I was no Audie Murphy or David Hackworth. They are both dead. I am an airborne ranger 82nd Airborne Division and Vietnam communications officer veteran, so I know a bit about it. They tend to have retired general and colonel officers who never won a war and who rarely speak of new weapons like drones. They need a Ukraine amputee or some such who has been very active in the drone warfare but can no longer fight.
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On monetary stability (avoiding being hurt by inflation or deflation), all you hear are generalities about inflation. If you read my book on it, you are reading all sorts of stuff about empty store shelves, laws like capital controls and price controls, assets that work in inflation and that are disasters in inflation, the need to own foreign currency and to go to a foreign country during inflation. Why are you hearing none of that on Fox News or Fox Business? Because notwithstanding the assumption that their repertory company are omniscient, they are ignorant of, and uninterested in, the subject. Same is true of 2024 actual warfare and 2024 investing in real estate.
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The Wall Street Journal, which also owns Fox News and Business, has a repertory company that also lacks real estate and inflation expertise. They do better on reporting about innovative new ways of warfare.
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Warren Buffett says that when a recession hits, you learn who was skinny dipping in business. Same applies to inflation and real estate. Fox/WSJ is putting out laymen level ignorance as expert opinion and their readers and viewers are going to be wondering why Fox and the Journal did not warn them of what to do before inflation. They are skinny dipping.
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https://johntreed.com/collections/real-estate-investment/products/an-american-principal-residence-is-the-most-advantaged-investment-on-earth-maximize-yours
.
https://johntreed.com/products/how-to-protect-your-life-savings-from-hyperinflation-and-depression
.
This is a big change from the 1970s and 1980s. Back then the attitude of the media was that they get the best advice from the best in the world on every subject because they can call anyone and they will allow themselves to be interviewed by the top media.
.
The new assumption is that the repertory platoon of “personalities” are omniscient. They can pontificate on anything and everything from military tactics and strategy to stock, real estate, commodities, economics, and monetary stability.
.
When they cast a major motion picture or a Broadway play, they use the best actors on earth. With a repertory company, they just cast the best person within the group for each role.
.
Thus do I hear Charlie Gasparino and Kevin O’Leary holding forth on real estate investment. They seem to be very knowledgeable about stocks. But when they talk about real estate, they reveal themselves to be just laymen with regard to knowledge of that asset.
.
With regard to the military, Fox people talk about it different that you read here. I was no Audie Murphy or David Hackworth. They are both dead. I am an airborne ranger 82nd Airborne Division and Vietnam communications officer veteran, so I know a bit about it. They tend to have retired general and colonel officers who never won a war and who rarely speak of new weapons like drones. They need a Ukraine amputee or some such who has been very active in the drone warfare but can no longer fight.
.
On monetary stability (avoiding being hurt by inflation or deflation), all you hear are generalities about inflation. If you read my book on it, you are reading all sorts of stuff about empty store shelves, laws like capital controls and price controls, assets that work in inflation and that are disasters in inflation, the need to own foreign currency and to go to a foreign country during inflation. Why are you hearing none of that on Fox News or Fox Business? Because notwithstanding the assumption that their repertory company are omniscient, they are ignorant of, and uninterested in, the subject. Same is true of 2024 actual warfare and 2024 investing in real estate.
.
The Wall Street Journal, which also owns Fox News and Business, has a repertory company that also lacks real estate and inflation expertise. They do better on reporting about innovative new ways of warfare.
.
Warren Buffett says that when a recession hits, you learn who was skinny dipping in business. Same applies to inflation and real estate. Fox/WSJ is putting out laymen level ignorance as expert opinion and their readers and viewers are going to be wondering why Fox and the Journal did not warn them of what to do before inflation. They are skinny dipping.
.
https://johntreed.com/collections/real-estate-investment/products/an-american-principal-residence-is-the-most-advantaged-investment-on-earth-maximize-yours
.
https://johntreed.com/products/how-to-protect-your-life-savings-from-hyperinflation-and-depression
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