One thing I am very irritated about is how 100% of these diversity advocates (read "opportunists trying to capitalize on the trend") use some research that says

One thing I am very irritated about is how 100% of these diversity advocates (read "opportunists trying to capitalize on the trend") use some research that says how diverse companies performed better than non-diverse. There are so many things wrong about this I don't even know where to start. First of all "diverse company had higher returns than the median" is such a bullshit. This is called a "correlation". There is absolutely NO causality between the two factors and yet these people say "diverse company => higher returns". Stuff like this where there can be so many variables is not something you should draw an easy conclusion on. Second, "higher than median" is NOT something investors are looking for. They are looking for the Googles and the Facebooks. A lot of these outlier companies were actually far from diverse when they were startups. Third, these are interpretations with agenda. And everyone with the same agenda uses these results to "scientifically" back up their claims. It's equivalent to cigarette companies funding research to prove that cigarettes are not bad for health. I DO believe that diverse team is SOMETIMES good (but not always), but I just don't like how these opportunists are manipulating the narrative in the name of "science", just so they can profit from it.