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> _Indeed, where ever there has been a financial disaster in the world, if you look around, somewhere in the background, McKinsey & Co. is nearby._

It seems that selection bias is something journalists really struggle with...

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Speaking as someone with a journalism degree (before pursuing more substantive fields), I can assert with great confidence that journalists are trained to write, and little else. The result is a skilled rhetorician with very little hard knowledge, and little ability to reason from first principles. Without these, one has few means of evaluating the merit of any information or story.

Notable exceptions to this rule exist, but they are rare. One should be exceedingly skeptical of journalism absent expertise.

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