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You might, if you wanted to make the number sounds more impressive... the smaller the perceived value, the stronger the point he's making, so he's trading clari
by chias 7y ago
You might, if you wanted to make the number sounds more impressive... the smaller the perceived value, the stronger the point he's making, so he's trading clarity for more punch. Not saying that that's a good move, but I think it's more likely he's trying to use impressive sounding language than that he's off by three orders of magnitude on a topic that he's clearly reasonably well versed in.
- sokoloff 7y agoFrom my viewpoint, he's trading being wrong for more punch. The clip starts at 4m42s. He clearly says "one-tenth of one-tenth of one-tenth percentile". One percentile is 1 part in 100. One tenth of that is 1 in 1000. One tenth of that two more times makes it 1 in 100,000. Across the world population, that's ~75,000. (There are more millionaire households in Kentucky than that figure.)