Nassim Taleb, in his incerto, makes the argument that:
- Most news is actually entertainment disguised as information.
- You can't act on the vast majority of news.
- Most medias, including specialized ones, can give a very good appearance of competence while actually knowing nothing of the actual situation.
- Medias, of course, have agendas and allegiances.
- You don't have neither the skill nor the resources to verify what they tell you. And dig a little once, you usually find out how alarmingly distorted the story is, suggesting you should do it thoroughly every single time.
- The volume of news, and noise vs signal ratio, is increasingly playing against you.
- It's fine to not have an opinion on most things. You opinion is worth zilch on most topics anyway and your decisions suck.
- It's exhausting and bad for your health and happiness.
He still reads some news, but consider it a way to entertain himself rather than being informed.
Tim Ferris has a similar view, and get most of its news from conversation with others, assuming that if they are in the mind of people, the filter of consequences on his life has already been applied.
n = 1, but I've seen my father has been watching an analyzing the news every single day for all my life. Thousands of hours of consumption, reactions, debates, bad moods and judgement.
I never saw him ONCE make a daily decision based on the news that made his life better.
Personally, I've found most medias content to be very low quality, and the propaganda everywhere. The time and energy it takes to untangle all that is not worth it.
I find way more interesting the reports of individuals with skin in the game. That's one of the reason I'm on HN.
And still, I know that even HN is most of the time, entertainment for me.