Bloomberg News Founder Says It’s Vital to Spot “Signals in the Noise” When Covering Markets

|
Companies that invested in their future outperformed, but reporters missed that "signal," said Winkler. Credit: Steven Strasser

Journalists who get closest to events as they are unfolding are the ones who can spot “the signal in the noise” and truly understand the behavior of markets, companies and governments, said Matthew Winkler, editor-in-chief emeritus of Bloomberg News and a vice chair of the International Center for Journalists (ICFJ).

“If you get those pieces right, you can pretty much cover everything,” said Winkler, speaking at an ICFJ event at the Findlay Galleries in Palm Beach on Feb. 26.

Winkler, the founder of Bloomberg News and a longtime supporter of ICFJ, highlighted several important economic and financial “signals” that he said mainstream news coverage has missed.

In the run up to the U.S. presidential elections, for example, candidates emphasized a failing economy, and that was widely reflected in news coverage. But in fact, the U.S. was the only country in the world that had record gross domestic product after the 2008 financial crisis and ensuing recession, he said.

“Now, that’s not what you heard or read at any time in 2016,” Winkler said. “That was as far from the narrative of news as you could get, and it was a basic fact.”

Winkler also highlighted a “signal” he sees across high-performing companies: an emphasis on investing heavily in their own growth, rather than on quarterly returns. He pointed to companies like Amazon and Tesla that have poured profits back into the company and today outperform the competition. 

Now a columnist, Winkler is known for the “Bloomberg Way,” a set of guidelines for editors and reporters that he championed and later turned into a book. He said he abides by a fundamental journalistic principle. “When I want to speak truth to power,” Winkler said, ”for me, that’s all about following the money.”

Watch his talk on Facebook Live.

ICFJ thanks the host of the event, Jimmy Borynack of Findlay Galleries, and ICFJ Vice Chair Pam Howard, for their support.

Latest News

Reporting on Early Childhood Issues Is Prompting Better Health Policies Worldwide

Reporters with the year-long Early Childhood Development Reporting Fellowship, an International Center for Journalists (ICFJ) program, have produced nearly 700 stories since March 2017 that have been viewed more than 15 million times. The health journalists, who are from Bangladesh, Brazil, India, Kenya, Nigeria and Tanzania, are building their expertise thanks to seasoned mentors, international reporting trips and virtual trainings.

Three Key Strategies for Combating Disinformation

Looking for innovative solutions to fight the scourge of disinformation? Our ICFJ Fellows have come up with three strategies.

ICFJ Helps Nicaraguan Journalists Respond to Crackdown on Independent Media

Journalists in Nicaragua face heightened levels of violence, harassment and arbitrary detention amid the greatest political turmoil the country has seen in decades. The International Center for Journalists (ICFJ) is responding by helping embattled journalists stay safe, build their investigative reporting skills and employ new digital tools to continue covering critical stories.