The AFR may be bad for picking stocks, but it is pretty useful for putting together the macro picture if you cared to read it; along with even slower news like The Economist. Both have been painting a grim macro picture for a while. But neither present a singular story; there might be a story in today's AFR saying gold will be 2000 the job is to put the pieces together yourself.
I would say that anyone who does not read the AFR and or The Economist on a regular basis in-the-least will miss reading what everyone else knows, but worse, will miss early macro trends that will eventually effect micro ones.
The AFR may be bad for picking stocks, but it is pretty useful...
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