Forum Archive Index - December 2001

["hugh webber" <hugh.webber@clear.net.nz>]

waal, I enjoyed it and it seemed to have some very cautionary lessons for both 
chartists and value
investors alike.
P.S. I sometimes read material other than company reports and the business 
pages but don't tell
anyone. And I also have a life as a family man with a wife and four kids - 
oops, no that's too
shocking - I withdraw and apologise.

----------
From: Emerald Group <emerald.co@actrix.co.nz>
To: sharechat@sharechat.co.nz
Subject: Re: [sharechat] On Statistics
Date: Monday, 3 December 2001 20:52

Does this have any relevance to Sharechat?
EK
  ----- Original Message ----- 
  From: capitalist 
  To: sharechat@sharechat.co.nz 
  Sent: Monday, December 03, 2001 7:08 PM
  Subject: [sharechat] On Statistics


  I thought some here might enjoy this from free market economist Thomas 
Sowell, senior fellow at
the Hoover Inst. Stanford University.

  "Penetrating the Rhetoric

  -All statements are true, if you are free to redefine their terms.
  -Any statistics can be extrapolated to the point where they show disaster.
  -A can always exceed B if not all of B is counted and/or if A is exaggerated
  -Most variables can show either an upward trend or a downward trend, 
depending on the base year
chosen.
  -The same set of statistics can produce opposite conclusions at different 
levels of aggregation.
  -For every expert, there is an equal & opposite expert, but for every fact 
there is not
necessarily an equal & opposite fact."

  cheers,
  capitalist
  "Socialists maintain that we shouldn't take all the money away from all the 
people since all the
people don't have money. We should only take all the money away from the people 
who make money." PJ
O'Rourke



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