The Wall Street Journal is a valuable investment for business professionals, providing national and international news, industry insights, and profiles of successful individuals. It covers a variety of industries and offers networking opportunities and discounts to subscribers. The print version is preferred for its portability and minimal advertisements. Expert advice is not provided, but the information provided can give readers an edge in decision-making.
The Wall Street Journal is universally accepted as the most important publication in the business world. In truth, you are not a legitimate businessperson in this country without your own subscription. But is it really worth it? Is a WSJ sitting on your desk just an empty status symbol, or does this newspaper really have the capacity to create professionals?
This question can be answered with a basic business strategy: how much time and money will it cost me, and how much will I earn in return? Although I cannot quantify the returns on this investment, I can assure you that it is sound.
The Wall Street Journal in print has just three sections: Politics and Economics, Markets, and Money and Investments. Each section has national and international news, personal narratives, industry insights, and opinions that can educate and inform interested investors. Each story is told within the context of the economy, so the financial implications are clear. By using this information wisely, the WSJ will pay itself with the money it can earn.
But the Journal goes beyond just covering news. Each issue includes profiles and narratives of people in the business world: their new projects, old projects, experiences and history. These pieces are invaluable to a reader who can learn from someone else’s mistakes and be inspired by someone else’s success.
One of the most valuable elements of the Wall Street Journal is the variety of industries it covers. Everything from technology and commodities to entertainment and innovation are represented, and each story is economically relevant and informative. More than this, these pieces are presented in such a way that the content is always accessible, no matter how far removed from your own experience it may seem. Using the WSJ to stay informed of developments in other industries can give you an edge in networking and connecting with professionals from around the world.
To find evidence of the WSJ’s combination of strength and accessibility, simply head over to the Letters to the Editor section. Here, you will often find names that you recognize; perhaps the CEO of your gem portfolio, a representative to the United Nations, or even your congressman has written a letter. Right next to them, you’ll find that Joe, from Oakbrook, Illinois, also has an opinion to share. At the Wall Street Journal, the wisdom of the crowds and the knowledge of the experts are together on the same page.
Beyond these heavy hitters, a WSJ subscription comes with many other benefits. Subscribers are sometimes offered books, lectures, and networking tools at a discount, and before they are available to the general public.
Although I considered subscribing to the Wall Street Journal online, I really prefer the print version. Its portability is irreplaceable, even with my pda screen exceeding three inches. More than that, it’s not a heavy role. Advertisements are kept to a minimum, and publishers publish only the most relevant financial information of the day, so the document isn’t cumbersome and the content isn’t overwhelming. Almost every page has outlines, bulleted lists, charts, and illustrations to make information gathering easier. I especially appreciate the indexes that list the notable people and companies covered in each issue.
The one thing you can expect at the Wall Street Journal that you won’t find is expert advice. Of course, if you have the same information as the experts, you don’t need their advice.
Smart Asset.
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