Lies, Damned Lies, and Statistics

Lies, Damned Lies, and Statistics

I read last week about the amazing half-million-plus jobs growth in January 2023. What great news! Or perhaps not. Maybe it is little more than an opinion. Or possibly a lie, or even a damned lie, or worst of all – a statistic. What is the difference between these, if any? And why does it matter to us normal folk?

Perception Is The Real Reality

Perception Is The Real Reality

We seem to be in a time where reality is very hard, if not impossible, to see and understand. Situations change rapidly and unpredictably so that the underlying reality – causes, players, results, whatever – is highly fluid. So much so that it may well have become irrelevant for managing a business. Reality is irrelevant?