Tuesday, February 19, 2013

No Comments

[ed. Excerpted from a recent post on The Big Picture (one of the best financial blogs on the internet) titled "Why I Am Considering Getting Rid of Comments". Duck Soup gets hardly a fraction of the traffic TBP does, but Mr Ritholtz' post goes a long way in explaining why I've been reluctant to implement a comments section here. If you're interested in this type of issue he provides a couple of links that are well worth reading, including: How to Spot - and Defeat - Disruption on the Internet and COINTELPRO Techniques for Dilution, Misdirection and Control of an Internet Forum.]

Since I began this humble blog almost 11 years, 25,000 posts and 110 million page views ago, it has managed (despite my best efforts) to accumulate half a million comments.

This was never my intention.

I created this blog, in the words of Daniel Boorstin, to figure out what I think. It is where I gather my favorite charts, quotes, links and assorted ideas. The blog is simply a diary of random thoughts of a person working in finance. Think of it as the musings of an intelligent investor who, despite studying his subject for decades, still puzzles over many aspects of it.

Overall, the goal with this blog has been an attempt to discern the objective “Truth” (whatever that means) in an industry that does its best to hide that truth from public view. When I do uncover a small measure of truth, I enjoy sharing the discovery here. (...)

Managing blog comments has become an increasingly time consuming job. Policing the spammers, trolls, haters, and other purveyors of falsehoods has become a larger time suck than I am willing to accept. Dealing with such cretins hardens your outlook and shortens your temper more than I care for. Perhaps this is the reason so many high profile blogs have closed down their comments altogether.

Were I to shut down my comments, it would be for a reason I have not seen enumerated elsewhere: The intellectually disingenuous rhetorical sleight of hand that has become a substitute for legitimate debate. (See this and this). I simply do not have the time nor the interest in correcting every half-truth and lie. But I have even less interest in polluting the blog with this sort of nonsense.

Therein lay my quandry. A harsh solution beckons.

by Barry Ritholtz, The Big Picture |  Read more: