Famously: https://en.wikipedia.org/wiki/Michael_Burry
> During his payments toward the credit default swaps, Burry suffered an investor revolt, where some investors in his fund worried his predictions were inaccurate and demanded to withdraw their capital. Eventually, Burry's analysis proved correct: He made a personal profit of $100 million and a profit for his remaining investors of more than $700 million.
https://www.ft.com/content/59adbe42-ca30-47f3-9cda-5415945e9...
A book I read a few years ago put this more eloquently. Some governor said that 20,000 jobs were created last month and his state contributed half of them. Well, many states lost jobs and the state next door actually gained MORE jobs, so the "more than half" framing makes no sense
Literally the main reason we even have indexes.
> "85% of the decline" doesn't make sense
85% of the decline represented by the overall index.
> so the "more than half" framing makes no sense
It makes perfect sense. It's just misleading.
kingleopold•1h ago
Media is ready to lie to you and feed you BS, just waiting order(s) from finance dep.
arcanemachiner•13m ago
esseph•9m ago