Ray Dalio Responds to Fake Wall Street Journal Article

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This lack of an objective quality control process is the main problem in “journalism” today. To make matters worse, those who know the true facts are reluctant to speak up because they are afraid to fight the media.  

The way such investigative reporters work is to speak with everyone who will speak with them who is around the targeted person and/or the targeted company and gather whatever negative bits and pieces they can come up with. They hope for something big, but they will take whatever they get. For example, if they can get someone to complain about something that they can weave into the narrative they want to write, they will take it and use it. In the worst cases, as happened in this case, they threaten to disclose personal information or include the sources’ names in the story if the sources don’t deliver the “dirt.” After they collect these bits and pieces they send a “fact check” to the person or company that consists of questions that are the equivalent of “we hear that you have been cruel to this person,” which we all know is not true and the person who is supposedly being treated cruelly denies it. They then dismiss the on-the-record statements about the inaccuracies, saying that they are inconsistent with what they heard from their undisclosed sources. So, here we are reading statements that we know are wrong.