For more than ten years as an analyst at Intelligent Investor, every one of my articles came with a disclosure outlining whether I owned shares in the company being reviewed. And the website listed the analytical team’s combined portfolio, down to the dollar.
Broker reports and any other opinion or advice piece from the financial world now tends to come with such a disclosure. One can't eliminate bias, but good disclosure alerts readers to its potential existence.
It’s time media everywhere followed suit.
Drivel like Decent’s article needs to leave a new, still-foul but more honest aftertaste:
Disclosure: In the year preceding today, Fairfax collected advertising revenue of $x from Powerball and Tatts.
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