The Declining Value of Rating Elections

John Sides Oct 11 '10

bq. It’s to Charlie Cook’s credit that he’s been able to survive as long as he has, despite the declining value of what he does. And fortunately for him and Stu Rothenberg, once people decide that something’s an oracle and start paying for it, they’re likely to need plenty of evidence that it’s not before they give up, and it’s not as if what Cook does has become (as far as I know) any less accurate over the years; indeed, almost certainly the opposite is true. As I said, I think they do a good job at what they do. It’s just that what they do is less valuable every year, and there’s not much they can do about it.

That’s Jon Bernstein, following on “my post”: More is “here”: