I finally watched the full video by Katie Martin from FT covering Strategy, and the punchline of her story that has been making rounds is not the "tooth" scarcity. There's something far more sinister happening here, and I want to break it down.
The role of a media company is to attempt balanced reporting. But what Katie does here is anything but neutral. She opens the program by admitting she "got annihilated" shorting
$MSTR and "wants to understand what she is missing here." But by the end of the video, itâs clear that wasnât her goal at all.
She closes by saying she's "not going to tell you what to do because her track record sucks and she genuinely has no idea," even going as far as to claim, "no one really truly has any idea either."
This is intellectual dishonesty. She claims she wants to learn, and when peopleâincluding
@saylor himselfâtry to explain it out of his busy schedule, she dismisses it entirely. Worse, she goes on to say, "This is why I get nervous for retail investors like
@PunterJeff," assuming a caretaker role as if it's her job to worry about anyoneâas if sheâs not a journalist, but a gatekeeper.
And then, as if to wrap it all up with a neat bow of hypocrisy, she reasserts that her original short thesis was justified: "This is the concern I had all along, and part of the reason why I shorted the company," directly contradicting her supposed quest to understand. Then the video ends with Katie saying, "I've been wrong before, and I can be wrong again," neatly sidestepping any form of accountability.
This is vile. Not only is it not journalism, but itâs also the kind of attitude that resembles command-and-control narratives, the sort youâd expect from authoritarian statesânot media institutions. Itâs the same cultural lockdown weâre seeing play out between the political left and right: a collective voice, unqualified, pretending to seek understanding but never intending to. And when proven wrong, claiming that nobody knows the answer anywayâand worse, absolving themselves of accountability.
We need to stop normalizing journalism like this.