Thank you for updating Darrel Huff's 1954 book - How to lie with statistics. He described the Gee Whiz Graph, which does not have zero on either axis, so the presenter can make the graph show whatever they want it to show.
I am continually amazed by the number of newspapers and websites that use Gee Whiz graphs to prove whatever point they want to prove.
27 Aug 2019 11:16 Read comment
What is complex about doing this?
13 Aug 2019 17:14 Read comment
At $11,348.30 you would be sitting on a loss of $6,200 if you bought in December 2017. The yo-yoing price of Bitcoin is greater than almost any investment available.
12 Aug 2019 16:33 Read comment
The most important fact in this Blog is that 64% of all Bitcoin that have ever existed have been lost.
I can think of no reason why anyone, other than criminals, porn watchers or tax evaders, would want to invest in a currency with the risk of losing two thirds of their investment, particularly one that has such a roller coast ride of value.
09 Aug 2019 08:41 Read comment
It means from 1st November 2019 we no longer have to adhere to the EBA, except for Euro payments.
07 Aug 2019 15:49 Read comment
The European Anti-money laudering directive is extremely unlikely to work on Bitcoin and other crypto currencies. Even if it does, it makes the use of crypto currency even less useful.
05 Aug 2019 16:56 Read comment
I am at a loss to understand why I would want to invest in a highly volatile currency to pay for simple services, such as tuition fees, shopping, buying a pizza, etc.
I perceive that the only value of crypto currencies outside of purchases on the dark web, or watching pornography, is to gamble on the rate of exchange, avoid paying tax, hide income or similar.
I have a regular bank account to pay for regular purchases and have no reason to hide these activities from anyone. Why do I need a crypto currency account?
02 Aug 2019 09:02 Read comment
Interesting theory, but totally impractical for the great majority of the population. I detect a significant bias by the presenter.
30 Jul 2019 15:15 Read comment
Keep telling people about the Daryll Huff book 'How to lie with statistics'. It may be 65 years old, but it remains totally relevant today. It was compulsary reading on Maths degree courses in the 1970s. No idea if it still is, but if not, it should be,
16 Jul 2019 08:58 Read comment
An excellent analogy.
10 Jul 2019 08:23 Read comment
James CranfieldManaging Director at Insight Consultancy UK Ltd
Andrea DonafeeManaging Director at Cash Management Solutions
Tim JeffersonManaging Director at The Human Chain
Vered ZimmermanManaging Director at FinText
Amit GuptaManaging Director at Matrix-IFS
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