Scrum on Blog Street

Financial bloggers of all stripes have been bristling since Joseph Rago’s now infamous piece calling all of us fools.

And he called their readers imbeciles

That would be you

The blogs are not as significant as their self-endeared curators would like to think. Journalism requires journalists, who are at least fitfully confronting the digital age. The bloggers, for their part, produce minimal reportage. Instead, they ride along with the MSM like remora fish on the bellies of sharks, picking at the scraps. The Blog Mob-WSJ

Of course, anyone with a mouse and broadband connection can now occupy a bully pulpit. And Joe riled up a cantankerous bunch of fools.

Fifteen years ago we used to scrounge around the office for faxed copies of Ed Hyman’s economic work at CJ Lawrence and later ISI Group. Maybe Joe was doing the same.

But our favorite read of the day in 2007 is Veryan Allen....who might also be the voice of reason in this simmering debate…

Blogs are NOT a major threat to traditional media. There is always going to be a place for full-time reporters and fact-checked news coverage, both dead tree AND online. I sometimes write investment articles for financial mainstream magazines and I approach those in a completely different manner than when I type out the “careless informality” of a blog post. The Wall Street Journal has nothing to worry about; blogs and other user generated content don’t impact existing news sources. Blogs complement mainstream media by occupying the fat-tails of content and opinion. Hedgefundblog

After all, working together we are all smarter

You are not very smart if you have not bookmarked Veryan…
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