My New Favorite Weekly

Just wanted to give a public attaboy to my new favorite business weekly:

Bloomberg Businessweek

I have no idea if they’re making any money off it yet, but not only did The Mayor blessedly put the old lousy Businessweek out of its misery, but the new version has become, almost overnight, the best popular business magazine out there. And I get ’em all, though I often wonder why…Forbes, Fortune, Bloomberg Markets, HBR, Kiplingers, Money, SmartMoney, Inc, and, oh yes, FastCompany, plus some others I’m probably forgetting. The new BBW is top dog, in my humble opinion. Plus the new iPad app is terrific.

And I don’t think I’m being hyperbolic to say that the arrival of Bloomberg Businessweek should actually give us some hope for financial journalism. Until it showed up, the best financial journalism of the past three years has been in…wait for it…Rolling Stone and Vanity Fair. Seriously. I am convinced my postman thinks I’m living a double life. But if you’ve wanted to get any true insight from the popular financial press about the shenanigans that consumed Wall Street, you’ve had to read Matt Taibbi and Michael Lewis – although I should also point out that the Financial Times’ Lex page is consistently good, also.

Can’t say the same for the WSJ anymore, by the way. It’s trying so hard to compete with the NY Times that it’s rendered itself useless in terms of actionable investing ideas anymore.

Here are the two latest Bloomberg Businessweek articles that motivated this post.

1 – Taco Bell and the Golden Age of Drive-Thru

2 – Why Bin Laden Lost

Okay, that second one has nothing to do with business, and it starts with an odd premise, but follow it through to the end for a brilliant finish.

And if you missed Mary Meeker’s cover story on “USA Inc.” a few months back, check that out here, too.

So what do you say? Let’s hear it for old media!

Cale Smith

About Cale Smith

Portfolio Manager at Islamorada Investment Management.
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5 Responses to My New Favorite Weekly

  1. Levi says:

    I dont subscribe to much print media: limited to WSJ and Washington Post daily (Im in DC) and Vanity Fair right now (wife has some others, and we both ready VF).u00a0 I was contemplating the “new” BW recently, but decided to go with The Economist instead as a weekly.nnI know, probably not a bad choice, but just read your post and the Taco Bell article, plus others I’ve been linked to, and having a little regret/envy.. (plus, Economist hasn’t started to arrive yet haha).nnGood to think about for futuren

    • Cale Smith says:

      Yep, used to subscribe to The Economist, too, and though I suppose it’s quite good on the big picture and international issues, I found some authors’ biases hard for me to discern, even though I knew they existed. And that I just didn’t like..though it probably speaks more to economics in general than the pub itself. More to the point, though, is that I just don’t invest based on macro themes in general. So, return on my time spent reading it was poor.

  2. Marc says:

    Cale,nnWhere would you rank Barron’s in your list?

    • Cale Smith says:

      Ah, yes, get Barron’s too and forgot to mention it. Would put it in the second tier, but higher up. Perhaps next on the list after BBW…but with a big gap there. Barrons seems to cater to the trading types but it has the occasional nugget. Had a good interview with Joel Greenblatt this weekend, for instance.nnDon’t know that I’ve ever gotten an actionable investing idea from Barrons, and unclear why they attempt to cover politics, but on occasion I have seen confirmation of some things there. And I do follow a couple of RSS feeds from columnists.nnAbelson’s writing style grates on me…his columns should really be no longer than this post…and Gene Epstein on the economics front is sometimes incoherent, but that could just be me. I usually read the Santoli column, and the Dolan column at the end, too, although ya sometimes gotta take that with an ideology pill.nnBut, yeah, I do look forward to getting my Barrons every Saturday. If nothing else, it’s always interesting to see what happens Monday morning to whatever stock was on the cover that weekend…nn

  3. Kevin O'Reilly says:

    I definitely agree about the post-Murdoch Journal, as well as BBW. u00a0I finally broke and jumped on the iPad(2) bandwagon last week, and love the idea of only paying once for my content. u00a0Fortune flat out looks great on the iPad2. u00a0I’ve been planning to cut back on my subscriptions in any case, and digital availability for no extra charge will definitely help with the decision-making process.nnAs much as l like the feel of newspapers and magazines, I’ve got digital-only subscriptions to Barron’s and the local Biz Journal, and hope to see all of the pubs move in that direction. u00a0My wife will like me a lot better when that happens.