Here’s what top leaders are telling us about the state of the world and stocks

Jul 28, 2024 at 12:30 PM

Navigating the Peaks and Valleys of Journalism: Lessons from a Veteran Trailblazer

In the ever-evolving landscape of journalism, the path to success is not always a straight line. This week's conversation with seven-time Gerald Loeb award winner Allan Sloan serves as a poignant reminder that being a top-tier journalist requires a unique blend of tenacity, resilience, and an unwavering commitment to uncovering the truth. As the author delves into Sloan's storied career, spanning over five decades, the article offers a glimpse into the challenges and triumphs that define the life of a seasoned journalist.

Mastering the Art of Relentless Reporting

Embracing the Unpredictable Nature of the Profession

The author's discussion with Sloan underscores the inherent uncertainty that comes with the journalism profession. Sloan's recollections of intense phone conversations with former real estate developer Donald J. Trump and his probing questions posed to bombastic CEOs serve as a testament to the unpredictable nature of the job. This realization has instilled in the author a sense of vigilance, a constant awareness that their work could be taken away at any moment. It is a sobering reminder that in this field, complacency is a luxury that few can afford.

Outpacing the Competition through Extraordinary Effort

The conversation with Sloan also underscores the relentless dedication required to excel in journalism. The author acknowledges that to stand out in a crowded field, one must be willing to go the extra mile – making that late-night phone call, sending that crucial email in the wee hours, or squeezing in one more meeting after a long day. These behind-the-scenes efforts, the author notes, often pay dividends in key moments, such as during the current earnings season, where the author has been engaging with industry leaders and top investing minds.

Navigating the Evolving Landscape of Business Reporting

The article delves into the author's recent discussions with various business leaders, offering a glimpse into the shifting dynamics of the industry. From Otis CEO Judy Marks' insights on the impact of tariffs to Whirlpool CEO Marc Bitzer's perspective on the housing market, the author provides a nuanced understanding of the challenges and opportunities facing these companies. The author's interviews with General Motors CFO Paul Jacobson and American Express CEO Stephen Squeri further illustrate the complex interplay between politics, consumer sentiment, and corporate strategy.

Navigating the Evolving Landscape of Business Reporting

The article also explores the author's conversation with Chipotle CFO Jack Hartung, who highlighted the resistance to higher prices in California following the state's minimum wage increase for food workers. This revelation is particularly noteworthy, as it suggests a shift in consumer behavior that may have broader implications for the restaurant industry. Additionally, the author's discussion with Morgan Stanley's chief investment officer, Mike Wilson, provides valuable insights into the impact of AI on stock valuations, underscoring the need for journalists to stay attuned to the latest technological and market trends.

Embracing the Unpredictable Nature of the Profession

Throughout the article, the author's interactions with these industry leaders serve as a testament to the enduring importance of traditional journalism. In an era where information is readily available at our fingertips, the author's ability to cultivate relationships, ask probing questions, and uncover nuanced perspectives sets them apart. The article's exploration of Sloan's career and the author's own experiences reinforce the notion that true excellence in journalism requires a relentless pursuit of the truth, a willingness to challenge the status quo, and an unwavering commitment to serving the public interest.