Lies, Damned Lies And Statistics
“There are lies, damned lies and statistics.”-Mark Twain
It has often been said by me, over the last ten years, that if one cannot ascertain the truth then one should not put money in that enterprise. It seems like a relatively simple perscription that I have formulated. There is nothing false or complex in this equation. Probably a number approaching one hundred percent of all of the world’s financial institutions would agree with the general precept and yet; that is not how some behave on an ongoing basis which I find quite astonishing. It is surely a matter of human psychology and of accepting what we are told rather than making a realistic appraisal of the facts. It continues to amaze me that various groups continuously try to reorganize the truth to their own benefit, falsify the truth, on the assumption that you will believe what they tell you without investigation..."
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