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	<title>Buysiders.com &#187; newyorktimes</title>
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	<description>Investidor Profissional (IP)&#039;s blog: value investing across disciplines and around the globe</description>
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		<title>The Deal Professor</title>
		<link>http://blog-en.investidorprofissional.com.br/2011/07/20/the-deal-professor/</link>
		<comments>http://blog-en.investidorprofissional.com.br/2011/07/20/the-deal-professor/#comments</comments>
		<pubDate>Wed, 20 Jul 2011 18:00:09 +0000</pubDate>
		<dc:creator>IP</dc:creator>
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		<guid isPermaLink="false">http://blog-en.investidorprofissional.com.br/?p=2327</guid>
		<description><![CDATA[An interesting article on the legal feud between hedge funds TCI and 3G Capital and rail operator CSX. It's a good reminder for us to mention that The Deal Professor column at NY Times' Dealbook is mandatory reading. There's much more to "risk" than greek letters, and one aspect of risk is knowing precisely what one is getting into - in this case all possible legal ramifications of a given stake.]]></description>
			<content:encoded><![CDATA[<p>Interesting article on the <a title="Anticlimax in CSX court case - The Deal Professor" href="http://dealbook.nytimes.com/2011/07/19/anticlimax-in-long-running-csx-court-case/?nl=business&amp;emc=dlbkpma21" target="_blank">legal feud between hedge funds TCI and 3G Capital and rail operator CSX</a>. It&#8217;s a good reminder for us to make a long-overdue mention to a great column inside a great service: <a title="The Deal Professor - NYT's Dealbook" href="http://dealbook.nytimes.com/category/deal-professor/" target="_blank">The Deal Professor</a> at NY Times&#8217; Dealbook is mandatory reading. We&#8217;ve argued before that there&#8217;s much more to &#8220;risk&#8221; than greek letters, and that one aspect of risk is <a title="Mind the shop - at Buysiders.com" href="http://blog-en.investidorprofissional.com.br/2010/11/11/mind-the-shop/" target="_blank">knowing precisely what one is getting into</a> regarding terms, regulations and operating procedures &#8211; in this case all possible legal ramifications of a given stake.</p>
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		<title>One year inside the New York Times</title>
		<link>http://blog-en.investidorprofissional.com.br/2011/01/27/one-year-inside-the-new-york-times/</link>
		<comments>http://blog-en.investidorprofissional.com.br/2011/01/27/one-year-inside-the-new-york-times/#comments</comments>
		<pubDate>Thu, 27 Jan 2011 21:10:59 +0000</pubDate>
		<dc:creator>IP</dc:creator>
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		<guid isPermaLink="false">http://www.buysiders.com/?p=1717</guid>
		<description><![CDATA[Every source has its biases, but it's fair to say that the New York Times produces top-quality content over a surprisingly wide range of topics. For instance, its DealBook section and daily emails are a very valuable source for investors, as are the many business, scientific and cultural articles that can, over time, foster different/ multidisciplinary mental models. So it's only natural that news of a documentary called Page One, in which the film crew spends almost an year inside the NYT in the midst of the current media revolution (blogging/ socialmedia/ iPad/ Kindle/ Wikileaks/ etc.), had us pretty excited.]]></description>
			<content:encoded><![CDATA[<p>Every source has its biases, but it&#8217;s fair to say that the New York Times produces top-quality content over a surprisingly wide range of topics. For instance, its <a title="NYT's brilliant DealBook section, by Andrew Ross Sorkin" href="http://dealbook.nytimes.com/" target="_blank">DealBook section</a> and daily emails are a very valuable source for investors, as are the many business, scientific and cultural articles that can, over time, foster different/ multidisciplinary mental models. So it&#8217;s only natural that <a title="Wired.com highlights Page One &quot;star&quot; David Carr" href="http://www.wired.com/underwire/2011/01/page-one-david-carr/" target="_blank">news of a documentary called Page One</a>, in which the film crew spends almost an year inside the NYT in the midst of the current media revolution (blogging/ socialmedia/ iPad/ Kindle/ Wikileaks/ etc.), had us pretty excited.</p>
<p>We have long thought of investigative journalism as a craft that bears a lot of resemblance with our own work &#8211; establishing conjectures and seeking the &#8220;truth&#8221; via research, scuttlebutt, networking and experience, while simultaneously being aware of our own biases and doing the utmost to prevent them from contaminating one&#8217;s work. We can imagine many other reasons to watch this movie, but gaining more insight into this process would be one of the most relevant.</p>
<p><span id="more-1717"></span></p>
<p>Marketing-wise, it&#8217;s interesting to note that the movie&#8217;s official page, which has a very &#8220;traditional&#8221; URL (<a title="The official website for Page One" href="http://www.pageonemovie.com" target="_blank">http://www.pageonemovie.com</a>), actually takes you to their Facebook page. Much more engaging, but we still miss the movie trailer.</p>
<p>Page One: 1:34 clip about Wikileaks:</p>
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<p>Video interview of Andrew Rossi at Sundance (2:43)</p>
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<p><span style="text-decoration: underline;"><strong>Links:</strong></span></p>
<p><a title="Page One review - The Daily Beast" href="http://www.thedailybeast.com/blogs-and-stories/2011-01-24/page-one-a-year-inside-the-new-york-times-film-review/" target="_blank">Page One review at The Daily Beast</a> &#8211; Great review by Nicole LaPorte that starts off by reminding us that Gay Talese <a title="The Kingdom and The Power at Amazon.com" href="http://www.amazon.com/exec/obidos/ASIN/0812977688/thedaibea-20/" target="_blank">wrote a book about the Times</a> in 1968.</p>
<p><a title="Page One review - Cinema Blend" href="http://www.cinemablend.com/new/Sundance-Review-Page-One-Is-A-Riveting-Year-Inside-The-New-York-Times-22832.html" target="_blank">Page One review at Cinema Blend</a> &#8211; Interesting excerpt: &#8220;<em>(&#8230;) Page One</em> is an essential overview of where things stand and how one crucial institution may lead is into the future. Parts of <em>The New York Times</em> online will start going behind a paywall early this year for its most  loyal readers, another experiment in keeping the news a manageable  business; things are changing even as <em>Page One</em> screens to these rapt Sundance audiences. Even 30 years from now, though, <em>Page One</em> will remain a vital and fascinating portrait of the news and the people who make it.&#8221;</p>
<p><a title="Page One review - Reuters" href="http://movies.sbc.yahoo.com/news/movies.reuters.com/sundance-film-review-documentary-page-one-reuters" target="_blank">Review by Reuters (Hollywood Reporter)</a> &#8211; Our attempt at a &#8220;fair and balanced&#8221; coverage &#8211; this is a negative review.</p>
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		<title>Simplicity sells</title>
		<link>http://blog-en.investidorprofissional.com.br/2010/03/08/simplicity-sells/</link>
		<comments>http://blog-en.investidorprofissional.com.br/2010/03/08/simplicity-sells/#comments</comments>
		<pubDate>Mon, 08 Mar 2010 20:19:27 +0000</pubDate>
		<dc:creator>IP</dc:creator>
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		<guid isPermaLink="false">http://www.buysiders.com/?p=776</guid>
		<description><![CDATA[David Pogue's presentation at TED in 2006 was pretty funny and carried an important message for designers: simplicity sells. The iPhone wasn't even out, but the trend is clearer than ever. The talk starts slowly but quickly builds momentum. As we always stress: view it critically, play with the idea, try to contradict it or apply it in some other field(s).]]></description>
			<content:encoded><![CDATA[<p><a title="David Pogue's page" href="http://www.davidpogue.com/" target="_blank">David Pogue</a>&#8216;s presentation at TED in 2006 (embedded inside) was pretty funny and carried an important message for designers: simplicity sells. The iPhone wasn&#8217;t even out, but the trend is clearer than ever. The talk starts slowly but quickly builds momentum.</p>
<p>And as we always stress: view it critically, play with the idea, try to contradict it or apply it in some other field(s). In this particular case it may be hard to do so, because Mr. Pogue&#8217;s delightfully terrible songs can really stick in one&#8217;s mind.<span id="more-776"></span></p>
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		<title>AOL TimeWarner, ten years later</title>
		<link>http://blog-en.investidorprofissional.com.br/2010/01/12/aol-timewarner-ten-years-later/</link>
		<comments>http://blog-en.investidorprofissional.com.br/2010/01/12/aol-timewarner-ten-years-later/#comments</comments>
		<pubDate>Tue, 12 Jan 2010 18:37:01 +0000</pubDate>
		<dc:creator>IP</dc:creator>
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		<guid isPermaLink="false">http://www.buysiders.com/?p=616</guid>
		<description><![CDATA[The AOL - TimeWarner merger's 10-year anniversary inspires a feature in the NY Times, and the videos are a must-see for the candid opinions of the top execs involved. One must remember that talented fund managers got burned in 1998-1999 shorting AOL at a P/E of 100, 200, 300... only to see it reach 700. Not a typo, that's the P/E ratio.]]></description>
			<content:encoded><![CDATA[<p>The New York Times has <a title="AOL + TimeWarner revisited - NYT" href="http://www.nytimes.com/2010/01/11/business/media/11merger.html" target="_blank">a feature on the deal&#8217;s 10-year anniversary</a>, and the best part by far are <a title="Interactive timeline of the deal - NYT" href="http://www.nytimes.com/interactive/2010/01/11/business/20100111-merger-timeline.html" target="_blank">the videos</a> where Gerry Levin, Steve Case, Dick Parsons and Robert Pittman (the former COO) are very candid, more than we would imagine. From the interviews, found <a title="Interactive timeline of the deal - NYT" href="http://www.nytimes.com/interactive/2010/01/11/business/20100111-merger-timeline.html" target="_blank">in the &#8220;Interactive Feature&#8221; link</a>, it seems that the guys from AOL knew what they were doing (using the admittedly expensive AOL stock to secure value). To hear Ted Turner describe the &#8220;other end&#8221; of the deal is almost painful.</p>
<p>One must remember that some seriously talented fund managers got burned shorting AOL at a P/E of 100, 200, 300 or 400 &#8211; only to see it climb to the now-absurd level of a 700 P/E ratio.</p>
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		<title>Christmas bonus, part 2: David Brooks</title>
		<link>http://blog-en.investidorprofissional.com.br/2009/12/25/christmas-bonus-part-2-david-brooks/</link>
		<comments>http://blog-en.investidorprofissional.com.br/2009/12/25/christmas-bonus-part-2-david-brooks/#comments</comments>
		<pubDate>Fri, 25 Dec 2009 14:56:30 +0000</pubDate>
		<dc:creator>IP</dc:creator>
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		<guid isPermaLink="false">http://www.buysiders.com/?p=547</guid>
		<description><![CDATA[David Brooks has a nice teaser article on the current and future economic "protocols". His tip is to not just read the book he's reviewing but another that complements what he feels are the first book's weaknesses. Always a nice way to help readers better form opinions of their own, and it's what we will always try to do here as well. Also includes links to other columns of his.]]></description>
			<content:encoded><![CDATA[<p>David Brooks is a New York Times columnist and author of books such as &#8220;<a title="Bobos in Paradise @ Amazon.com" href="http://www.amazon.com/Bobos-Paradise-Upper-Class-There/dp/B0013L4E66/ref=sr_1_1?ie=UTF8&amp;s=books&amp;qid=1261751220&amp;sr=8-1" target="_blank">Bobos in Paradise</a>&#8220;, and his <a title="The Protocol Society - NYT" href="http://www.nytimes.com/2009/12/22/opinion/22brooks.html" target="_blank">Dec. 22nd article is a nice teaser</a> on how to think about our current and future economic &#8220;arrangements&#8221; &#8211; or protocols, as he calls it. His tip is to read not just the book he&#8217;s reviewing but also another that complements and corrects what he feels are the first book&#8217;s weaknesses. This is always a nice way to help readers better form opinions of their own, and it&#8217;s what we will always try to do here as well.</p>
<p>As in Part 1 below, we&#8217;ve put together a group of links that serves as a starting point for anyone interested in this author&#8217;s work or in the issues he raises &#8211; and as we said there, remember to check the author&#8217;s intentions, biases, backgrounds&#8230; Questioning isn&#8217;t easy, but it&#8217;s vital: we bring so much &#8220;luggage&#8221; that it&#8217;s hard not to overlook important analytical issues or inputs. Most other humans suffer from this &#8220;problem&#8221;, including &#8220;experts&#8221;, witnesses (if you think of it as a trial), sources (if you think of it as an investigation), and so on.</p>
<p><span id="more-547"></span>Other David Brooks articles (as always, the New York Times requires a free registration):</p>
<p><em>Update (Dec. 29th): <a title="The Sidney Awards, part 2" href="http://www.nytimes.com/2009/12/29/opinion/29brooks.html?_r=1&amp;emc=tnt&amp;tntemail0=y" target="_blank">The Sidney Awards, Part 2</a>!</em></p>
<p><a title="The Sidney Awards" href="http://www.nytimes.com/2009/12/25/opinion/25brooks.html?_r=1" target="_blank">The Sidney Awards</a> &#8211; This one just out today! It serves one of the purposes this blog is supposed to serve, in this case &#8220;the filter&#8221;, in that Mr. Brooks doles out his awards for the best articles/ essays of 2009. Maybe he thought that the Buysiders team has been good and deserves a gift? Well, since we want to continue in Santa&#8217;s favor, we&#8217;re sharing it with you. There are three pieces on Health Care reform.</p>
<p><a title="The Other Education - NYT" href="http://www.nytimes.com/2009/11/27/opinion/27brooks.html" target="_blank">The Other Education</a> &#8211; How Bruce Springsteen started his &#8220;second education&#8221;, the emotional one. How this affects our &#8220;mental models&#8221; and frameworks for dealing with &#8220;real life&#8221;. And how to get carried away with a rock concert. Of lighter fare and still interesting.</p>
<p><a title="The Rush to Therapy - NYT" href="http://www.nytimes.com/2009/11/10/opinion/10brooks.html" target="_blank">The Rush to Therapy</a> &#8211; This is a tough one to justify, because it&#8217;s a tough topic. Mr. Brooks talks about the media coverage regarding a terrible incident in which a US army major opened fire at his colleagues and proceeded to murder 13 people and injury a number of others. But this article raises a very important issue, one we discussed in our Q4 2008 report: there is always a choice, there&#8217;s always a <em>a priori </em>opportunity to do what it takes to avoid the moral pitfalls &#8211; especially important in mass-media coverage of unfortunate events.</p>
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