Wise Sayings...or Not

I'll just give you all the link because there are too many wise words to post:
Heaton fixes income inequality
Interesting points taken.
It reminds me of some of the first things I learned in statistics in pursuit of my business degree -

"Figures do not lie, but liars do figure"

and

"Torture the data enough and it will confess to anything!" :biggrin:

As he well pointed out, ratios and such all are based on assumptions and if the basis is skewed, so will the ratio be. ;)
 
Back
Top Bottom