David Megginson on Nostr: Focusing on percentage change is a popular way to BS people with numbers. For ...
Focusing on percentage change is a popular way to BS people with numbers.
For example, if a company barely breaks even one year ($1 profit), then nets $140 profit the next year, that's a 14,000% increase in profit!
(but it means nothing)
#numeracy #numbers #business
Published at
2024-07-05 16:13:25Event JSON
{
"id": "d761cd724095d29d12b3e6f6fbc41cdd8d3a4e50fc99b7addde23da3dacd025a",
"pubkey": "4b703a78efed9bb15ceab1fec443d5d05b18439e96837b7ac0d6b3de1f1fc673",
"created_at": 1720196005,
"kind": 1,
"tags": [
[
"t",
"numeracy"
],
[
"t",
"numbers"
],
[
"t",
"business"
],
[
"proxy",
"https://mstdn.ca/users/david_megginson/statuses/112734765415903552",
"activitypub"
]
],
"content": "Focusing on percentage change is a popular way to BS people with numbers.\n\nFor example, if a company barely breaks even one year ($1 profit), then nets $140 profit the next year, that's a 14,000% increase in profit!\n\n(but it means nothing)\n\n#numeracy #numbers #business",
"sig": "3e1f74cb1d2faaa07055a76756d4ae6f176b5dfa5fcb62cffba8345d9312c1300cff87cacd1cf4265ac30d245c93229c48ada068c572e03f1455ee3091a75083"
}
