tag:blogger.com,1999:blog-6897513886211197509.post665659375799387347..comments2024-03-29T15:15:43.382+08:00Comments on Singapore Man of Leisure: Lies, damn lies, and statistics!Singapore Man of Leisurehttp://www.blogger.com/profile/13774067113884418001noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-6897513886211197509.post-52145564392046088982011-06-10T11:56:11.044+08:002011-06-10T11:56:11.044+08:00LP, thanks!
It's funny how somethings never c...LP, thanks!<br /><br />It's funny how somethings never change :) You were 2 years ahead of me!<br /><br />I was laughing when I saw the yield chart from that "property trust" on Wednesday and can't help poking fun at it :)Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-90656765865335139722011-06-10T01:23:47.580+08:002011-06-10T01:23:47.580+08:00Hi SMOL,
I dug some old posts related to this top...Hi SMOL,<br /><br />I dug some old posts related to this topic. Perhaps you'll like them?<br /><br />1. Statistics lie! http://bullythebear.blogspot.com/2008/03/statistics-lie.html<br /><br />2. I lie to statistics!<br />http://bullythebear.blogspot.com/2008/03/i-lie-to-statistics.html<br /><br />Enjoy!la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-3638409386911243972011-06-09T11:11:52.356+08:002011-06-09T11:11:52.356+08:001. Cheers Coconut!
Hey! It's cool to have an ...1. Cheers Coconut!<br /><br />Hey! It's cool to have an alternative view! I can understand where you come from. I like to lurk amongst hard-core traders' blogs to get a feel of the market. It always amaze me how scalpers can make money with 1 or 2 ticks' profit!? You guys are the hares! Jump in and out :) In your case, relative is more important!<br /><br /><br />2. Hi LP,<br /><br />Spot on! I also wonder where analysts get this 1.23 "extra precision" support from!?<br /><br /><br />3. Hello CW8888,<br /><br />Agree. That's why I nowadays stay away from IPOs... There are so many other stocks in SGX with a longer track record. Harder for them to mislead me. <br /><br /><br />4. Hi Isaac!<br /><br />Hey! That's a great example on the pharma companies! 50% increase!!! Must use your example in my future posts ;) Steal with pride!<br /><br /><br />5. Hello OT83<br /><br />I always like to say: "Never trust a statistics that you have not manipulated yorself!" LOL!Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-77159761320540345392011-06-08T20:40:51.771+08:002011-06-08T20:40:51.771+08:00Hey SMOL,
your charts also remind me of what big ...Hey SMOL,<br /><br />your charts also remind me of what big pharma likes to do.<br /><br />Drug A from Company A has a 2% chance of curing a patient of whatever disease. <br /><br />Drug B from Company B has 3% chance of curing the same patient from the same illness.<br /><br />Company B will market their drug as "50% BETTER THAN DRUG A!"Ihttps://www.blogger.com/profile/04222573673272472458noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-32239649083568365052011-06-08T20:32:19.530+08:002011-06-08T20:32:19.530+08:00Hi SMOL,
It is very easy to lie with statistics, ...Hi SMOL,<br /><br />It is very easy to lie with statistics, not only the chart which you mentioned. There are many things which people can do to lie. <br /><br />Source of data, relevancy of data, data tools for audience visualisation(the case which you mentioned) etc. <br /><br />Thus it is never good to trust the numbers or graphs posted in newspapers or reports. Better to churn deeper into the number before making any conclusion on the number <br /><br />Great post!OT83https://www.blogger.com/profile/10092060003214793123noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-45573181533059694542011-06-08T20:31:21.667+08:002011-06-08T20:31:21.667+08:00It is better to be vaguely correct than to be prec...It is better to be vaguely correct than to be precisely wrongIhttps://www.blogger.com/profile/04222573673272472458noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-29040766818428334842011-06-08T19:43:28.115+08:002011-06-08T19:43:28.115+08:00One time snap shot of statistics may lie, damn lie...One time snap shot of statistics may lie, damn lie. <br /><br />But, a series of regular and consistent presentation of statistics may tell you a pretty good story of what is going on there and can't really lie.Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-36981521566568605882011-06-08T18:58:33.901+08:002011-06-08T18:58:33.901+08:00Hi SMOL,
I agree with you. Numerical precision gi...Hi SMOL,<br /><br />I agree with you. Numerical precision gives the illusion of certainty. Telling you the support of STI is 3101.23 sounds more intelligent than just plain old 3100. In practice, the number of significant figures we need depends on the usage. <br /><br />I find it quite amusing to see target prices of brokerage reports giving it up to 2 decimal places. It gives too much 'certainty' in the face of uncertainty, haha!la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-15698825055866388572011-06-08T16:37:04.488+08:002011-06-08T16:37:04.488+08:00haha but sorry SMOL, can't agree with you on t...haha but sorry SMOL, can't agree with you on this one.<br /><br />i'll stick to relative rather than absolute.<br /><br />we run faster than the ants - absolute. the ant run faster than us - relative.<br /><br />but still a great post thanks.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.com