World’s Largest Hedge Fund Manager Slams Mainstream Media’s Fake & Distorted News Epidemic

• World’s Largest Hedge Fund Manager Slams Mainstream Media’s Fake & Distorted News Epidemic
  by Tyler Durden, www.zerohedge.com
  Ray Dalio, founder of Bridgewater – the world’s largest hedge fund, has “been reflecting for quite a while on the destructive effects that fake and distorted media are having on our society’s well-being,” but it appears a recent Wall Street Journal article about his fund – full of intentional distortions, appears to have pushed the billionaire over the edge at just “how destructive and widespread these ‘fake’ and ‘distorted’ agendas are.”
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  Ironically, by slamming the WSJ, a shining beacon of the supposedly “non-fake news”, as a representative of just that (for his personal reasons), Dalio has effectively discovered what many who have dealt with “professional journalists” have learned over time: agenda-driven, “real news” is just as bad, if not worse, than “fake news.”
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  Dalio’s full takedown of the WSJ:
  The Fake and Distorted News Epidemic and Bridgewater’s Recent Experience With The Wall Street Journal Via LinkedIn.com
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  To me, fake and distorted media are essentially the same problem in different degrees. My own experience, which I will share later in this piece, is just one small case within an epidemic. While Bridgewater will survive this case—and even if we didn’t, the world would be just fine—it is questionable whether the world will be just fine if this fake and distorted media epidemic is not arrested. As Martin Baron, the Washington Post’s Executive Editor, said in reflecting on the problem, “If you have a society where people can’t agree on the basic facts, how do you have a functioning democracy?”
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  Distorted pictures lead us to make bad decisions. In my opinion, if people don’t correct such inaccuracies and don’t fight against this problem, continued distortions in the media will prevent the public’s accurate understanding of what is happening, which will threaten our society’s well-being. We in the financial community now openly talk about fake or distorted media being used to manipulate market prices to the harm of many, and similar conversations are taking place in most areas.
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  This is not just a fringe media problem; it is a mainstream media problem.
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  read more.

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