The Great Texas Freeze – Beyond the Flaw of Averages
The Great Texas Freeze – Beyond the Flaw of Averages A reminder of why we systematically underestimate risks and how to read the news We have long suggested Sam Savage’s book, The Flaw of Averages. It is a start at understanding why you should ignore…
The Streetlight Effect and What You “Know That Ain’t So”
What We Know and Don’t Know After 100 Days of Covid-19 Analytics
What We Know and Don’t Know After 100 Days of Covid-19 Analytics Reviewing the impact of the virus on the US economy and the American psyche (Originally published July 13, 2020 in National Defense Industrial Association’s “NTSA Connect”) Full Report After more than 100 days…
You Can’t Read the Other Guy’s Numbers – Covid-19 Edition
You Can’t Read the Other Guy’s Numbers (Covid-19 Edition) Years ago, as we studied Mergers and Acquisitions (M&A), we coined the term “You Can’t Read the Other Guy’s Numbers.” Looking at another company’s books is deceptive. In them you’ll find the familiar terms: sales, cost…
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