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mqus

TIL: SPAC - Special-Purpose Acquisition Company -> https://en.wikipedia.org/wiki/Special-purpose_acquisition_co...

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I recommend following Matt Levine's free Money Stuff column if you're into this.

https://www.bloomberg.com/opinion/authors/ARbTQlRLRjE/matthe...

I recommend not.

Why not?

Matt Levine, much like most journalists, does not create any of the content, he just writes about it. E.g. etcetera the stories he tells are usually of 3rd parties (like what's happening in financial markets).

Would be much more interesting if he had personally experienced or orchestrated what he discusses. Otherwise you may as well just listen to anyone.

EDIT: As some people are responding and confused about how journalism works: E.g. he wrote about Elon Musk today yet is just getting his information from other articles or Twitter as I doubt he is speaking with Elon Musk or involved in the deal. At that point it's just hearsay.

> Matt Levine, much like most journalists, does not create any of the content, he just writes about it.

You just literally described a journalist's job. Congrats?

> Would be much more interesting if he had personally experienced or orchestrated what he discusses.

Like if he had worked at Goldman-Sachs and had direct experience with how large financial institutions function or something?

In the past, yes, but I mean what he writes about now. E.g. he wrote about Elon Musk today yet is just getting his information from other articles or Twitter. At that point it's just hearsay.

That's not a prerequisite to journalism, though I guess that can be your standard for it. Musk is notoriously media-hostile, which means it's often very difficult to get direct quotes or responses from him on a story that doesn't try to flatter him. By your standard, that'd mean Musk has unilateral ability to discredit journalism by just not participating.

So say a science writer reviews peer-reviewed literature to write about some technology or technological claim (let's say CRISPR) but has done none of that direct research themselves...are you saying they are just writing hearsay?

Now maybe you can qualm about where he gets his information and how reputable it is, but I think your standard for journalism differs from most.

> it's just hearsay

He has been offering analysis and commentary on the process since the beginning, floating theories for various parties’ positions and debunking silly ideas that were being taken seriously at the time.

Do you have any personal experience in this, or are you just anyone writing rubbish?

No offense, but this is silly. The whole purpose of journalism is to report what is happening to other people.

Writing about your first hand accounts is not journalism. If for no other reason than it would be inherently biased. We have a term for stories from a person's life written by the person: autobiographies.

Huh? writing about someone you see is journalism.

Gonzo journalism maybe

The BBC puts someone on the ground in Kyiv while it's being shelled. They write about what they see and learn while there--and you don't think that's journalism?

To be clear, the criticism of Levine from the GP is total bunk, but this definition is weird.

There's also opinion pieces. You don't review a movie someone else has seen.

Well good thing he's not a journalist. He writes a comedic opinion column that pulls from his experience as an investment banker and M&A lawyer. He's a blogger.

He's an opinion writer. And he writes in an informed manner. Cannot recommend Matt Levine enough...

Au contraire, the white house press pool gives you unconsidered takes because they have to keep in the good graces of those they're reporting on. You get an inherently biased take

He writes opinion and analysis. You don't have to only report on primary sources for your work to be seen as journalism or for it to be useful. Your claim is pretty bizarre.

If you don't then you might have a better source for reviewing the day to day of the banking/finance landscape?

Seconded. Matt Levine's column is informed, informative, witty, and entertaining.

Thanks. Thought it was short for Super PAC (https://www.fec.gov/help-candidates-and-committees/filing-pa...) first and found the whole thing confounding.

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