Couple of months back, we wrote about how past performance is (mis)represented by those who write in mass media. Very often, a single period data is taken to arrive at a conclusion. One feels sad for the readers.
Here is an article I had written in Mint in March 2016. Just a day later, a leading financial daily, Economic Times repeated the mistake I had referred to. I wrote a blog post about it, too. A couple of days ago, once again I came a cross a similar piece of reporting.
The reporter seems only to be interested in sensationalisation, for which he probably imagined a story and then found the data to justify. The problem with such reports are that they only does disservice to even the customers (readers, in this case) of the newspaper this reporter is representing. This is irresponsible behaviour.
It also appears the reporters do not want to learn. My book’s subtitle aptly captures a particular behaviour of most – “Lessons … we repeatedly forget.” In this case, it is more like “Lessons … we refuse to learn”.
Upton Sinclair has wonderfully said, “It is difficult to get a man to understand something when his salary depends upon his not understanding it.” God bless the readers!
#RidingTheRollerCoaster – 170