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Old 12-15-2014, 07:39 AM
 
220 posts, read 379,424 times
Reputation: 165

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Pretty incredible story:

Reasons to Love New York 2014 - Mohammed Islam, Stock Trader -- New York Magazine
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Old 12-15-2014, 09:42 AM
 
172 posts, read 159,269 times
Reputation: 249
Quote:
Originally Posted by jpf723 View Post
More like pretty incredibly poor reporting.

There's no actual proof of anything claimed in the piece. Did you notice that? All that happened is this guy is walking around school and is rumored to be a multi-millionaire. When asked directly, the guy doesn't even want to say how much money he has, but "alludes" to it. He has an apartment that he supposedly rents "even though he can't live there yet" and a car that he owns "which he's not allowed to drive." Uh, yeah, OK. And does he also own the Brooklyn Bridge and can I buy it from him?

Furthermore, let's assume this is totally 100% true. Nowhere mentioned is the background of his family, i.e., if they're rich. Because it's relatively easy to make a few million dollars if you start out with millions of dollars. Pretty much anyone can do it. The story attempts to imply that he started out with a $20 bill and turned it into $87 million. In fact, if you read the story, at the end of it you should be thinking to yourself that you just wasted five minutes of your life.

The only thing the article is being used for is "click-bait." The New York Magazine ran out of things to write about, so it ran with this meaningless piece. And now it's "viral" because it's being posted on multiple news aggregate websites, as well as by individuals such as yourself.
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Old 12-15-2014, 12:14 PM
 
Location: New Jersey
2,257 posts, read 5,187,812 times
Reputation: 1877
Whiz kid stock picker: I didn't actually make $72M trading
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Old 12-16-2014, 09:16 AM
 
2,535 posts, read 6,666,921 times
Reputation: 1603
Really just another example of irresponsible reporting.

http://www.nytimes.com/2014/12/16/ny...=nyregion&_r=0
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Old 12-16-2014, 10:58 AM
 
220 posts, read 379,424 times
Reputation: 165
I did say the story was "incredible", which technically means "impossible to believe" haha. A shame too, not that NY Mag is the most reputable on the street, but it's generally well-regarded. Crazy how the author is headed to Bloomberg's investigative unit!
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Old 12-16-2014, 11:06 AM
 
2,535 posts, read 6,666,921 times
Reputation: 1603
Quote:
Originally Posted by jpf723 View Post
I did say the story was "incredible", which technically means "impossible to believe" haha. A shame too, not that NY Mag is the most reputable on the street, but it's generally well-regarded. Crazy how the author is headed to Bloomberg's investigative unit!
I think that headline will change to was headed to Bloomberg investigative unit.
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Old 12-16-2014, 11:55 AM
 
1,883 posts, read 2,827,454 times
Reputation: 1305
NY Mag is doing disaster control over this story she wrote. I think Bloomberg now will think twice about hiring her.
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Old 12-16-2014, 03:55 PM
 
Location: New Jersey
11,345 posts, read 16,702,711 times
Reputation: 13369
It's another "Dewey beats Truman" and Gore wins Presidental election 2000.
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Old 12-19-2014, 06:36 PM
 
Location: Epping,NH
2,105 posts, read 6,662,410 times
Reputation: 1089
The media today has zero concern over accuracy. As long as it stirs up controversy, they are happy.
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Old 12-20-2014, 03:19 PM
 
Location: The beautiful Garden State
2,734 posts, read 4,150,530 times
Reputation: 3671
Quote:
Originally Posted by rscalzo View Post
The media today has zero concern over accuracy. As long as it stirs up controversy, they are happy.
As long as it gets CLICK$$$$, they are happy.
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