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No news is good news

thomasjbevan.substack.com

31–40 of 160 posts

Re: No news is good news

#31
I would really like to follow this advice and stop reading news completely. But I like talking to people and generally, news is among the most commonly discussed topics. Furthermore, it helps me evaluate if I have similar opinions to the person I'm talking to (and thus the conversation is likely to continue someday). The article doesn't mention how to fulfil this need and it seems that I would become isolated if I decided to really follow it. I agree with the assessment but I don't know how to fix the problem I've mentioned.

Re: No news is good news

#32
I spent my life trying to be a well-informed investor. It turns out that all you have to do is buy real assets when you are young and just hold them forever. And don’t ever sell anything. That’s it. As long as the world is relatively peaceful you will get rich.

Re: No news is good news

#33
I generally think news(a majority of it) is shameless drivel with extreme bias to certain perspectives. That being said with the pandemic and all the changing laws/issues surrounding it, not to mention covid community case counts were invaluable to understand. I would completely abandon the news in a heartbeat but I trade stocks and need to understand world news along with business dealings for me to make intelligent trading decisions.

Re: No news is good news

#34

Far away problems are so much more interesting than those nearby. You needn't really do anything about them, and its much easier to assign your own valuation to anything you do. Your successes can be trumpeted as much as you like and your failures need never be known to anyone but you.

This is true, there's an inner kibitzer inside all of us who needs material. This is the real source of entertainment that the article mentions. Every section of the paper caters to this: what would you do about the war, would you have given poor people better benefits, would you have slapped Chris Rock, what would you have worn to the awards, would you go out with that guy, how should your team have set up their defense?

The only actionable section is the weather report, you can decide shorts or umbrella.

The piece is utterly right. News in the constantly-coming format is junk food. Almost no context is given, even thought nothing at all makes sense if you just watched the news. What is NATO, what is a central bank? Why are the same teams at the top of the league? All of these things need some basic explanation that is never in the news, but always in any basic long-form piece.

Re: No news is good news

#36
I have been a very strong adherent of this philosophy for over 30 years.

There’s an adage, “there’s nothing as worthless as yesterday’s news”. Which led me to wonder, “was it even worth knowing yesterday?”

I realized the solution was a low pass filter.

I first switched to a seven-page newspaper (CSM) delivered through the mail. I realised the editors had to figure out whether it would still be interesting by the time it arrived and important enough to take up space in the paper.

I soon switched to a weekly newspaper (The Economist) and monthlies. I haven’t looked back. The nice thing about a paper like the economist is remained relatively small (few pages) so had to make the same class of decision as the CSM, rather than expand the paper.

I also have an RSS list of trade journals and such that I skim once a week, reading the odd title that looks interesting. Most of the time it’s only a handful of articles.

As for the high frequency stuff and stuff outside my bubble: I still talk to people and so I hear about stray stories. I do find it interesting that I have yet to have anyone bring up the Ukraine situation. At all.

Re: No news is good news

#37
post #23

I'll come out of my shell a few times a week and won't understand what's going on. News sites just tell me the last 18 hours' worth of updates... So... I either disengage entirely and can't carry on a conversation or I stay engaged and worry about events I cannot affect. I'd like a "I haven't checked the news in [7] days and some guy at work mentioned [Ukraine talking to the UN], what's that all about?" website. I gu…

Wikipedia's current events portal goes back one week, and there's a link at the bottom to more: https://en.wikipedia.org/wiki/Portal:Current_events

https://biztoc.com and https://upstract.com pull in some news from there.

Re: No news is good news

#38
post #21
post #10

Earlier quoted context omitted.

> And honestly feel better overall and less stressed. Sure you can claim being apathetic/ignorant towards global current events makes me a bad person, but I do not care. I would not say so. But, I would expect you to NOT be outspoken and confident when someone else starts to speak about stuff related to current issues. And I would expect you to check yourself especially when it seems like the other person is saying s…

That's the second part of de-stressing. First, stop watching news. Second, stop having an opinion on everything because at the end of the day nobody's opinion matters.

“Stop having an opinion on everything because at the end of the day nobody’s opinion matters.”

…don’t you see how nihilist this sounds? And also unrealistic. You will have opinions, everyone has opinions and beliefs and feelings or else they wouldn’t be able to function on a day to day basis. There is a scale to beliefs and opinions, based on how informed those beliefs and opinions are, and how well they mesh with conditions in your everyday life. It’s important to inform your opinions and beliefs; the news, however flawed in its current state, forms at least one source of that information.

I think that taking all of this as one absolute or another is unnecessarily polarizing this debate. It is very easy to argue that them news media economy is quite poisonous, but that doesn’t mean that all of the information is useless. For example: I need to prepare for a storm that is approaching the area, I need to know if a COVID wave is nearing so I know to be more careful, I need to know if parking rules change or trash day is being moved. These immediate events affect my actions directly and so I must pay attention, sifting through the other crap as necessary.

But even beyond that, this resignation to political nihilism is societally destructive. Like it or not, we are all connected in a society. Our actions affect others. We have shared infrastructure and services we all contribute to and benefit from. Part of that responsibility is a participation in politics. Is it currently toxic and despairing? Certainly. But sticking your head in the sand isn’t an option, as we depend on cooperation in order to preserve a society on any level and that requires coordination.

Should we reduce our news consumption? Of course. But we also shouldn’t eschew all outside information and live in a self-imposed bubble. Maybe skip the entertainment section and focus on stuff that impacts you directly. If there is something that is shallowly followed by the news that sounds important, of course dig into longer-form articles until you understand it in full or discard it if it is important. Discretion matters.

Re: No news is good news

#39

Far away problems are so much more interesting than those nearby. You needn't really do anything about them, and its much easier to assign your own valuation to anything you do. Your successes can be trumpeted as much as you like and your failures need never be known to anyone but you.

International and national news are often important, but rarely immediate. By not immediate I mean that you can't affect it, it won't affect you and you don't have to do anything about it. Hyperinflation in Zimbabwe? Interesting, but nothing to do with me really. Ship stuck sideways in a canal? That might cause problems at work later and maybe I should get that bike I was planning on now rather than later, but I'll be fine. War between nearby countries that produce oil and food... I better check my emergency stocks are in good shape and that full electric car sounds good right about now? And so on, important and some of them will affect you, but usually with a delay or in a roundabout way.

Local on the other hand. Very immediate, but often not that important, at least outside your local area. Sometimes you can even affect things and if it's something that can affect you and requires action, it might be a matter of hours. Water main breaks, you won't have running water for three days? Fill up buckets, head to the store, right now! But that's a minor inconvenience compared to international news, if they end up affecting you.

Re: No news is good news

#40
I tend to agree; I don’t really follow news myself. If there’s anything big going on, I’d know anyway.

But IMO there are two blind spots in that philosophy:

- If everybody did that, even the big things would not propagate. You’d only know there is a war going on if you heard the bombs.

- Voting becomes a problem. Since everything you hear is from people around you, it is most likely an opinion, which you will then echo. Also you might miss stuff which would affect your opinion, but which your friends didn’t care for.

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