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A single chart can be found to support just about any conclusion
by vincefutr23 1y ago
A single chart can be found to support just about any conclusion
- gww 1y agoReminds me of one of my favorite Simpsons lines: "Aw, you can come up with statistics to prove anything, Kent. Forty percent of all people know that"
- mvcalder 1y ago“They say sixty-five percent of all statistics Are made up right there on the spot” https://www.youtube.com/watch?v=IUK6zjtUj00 https://www.youtube.com/watch?v=IUK6zjtUj00
- jrmg 1y agoI’m partial to Homer’s “Facts are meaningless. You can use facts to prove anything that's even remotely true!”
- jvanderbot 1y agoThe conclusion I drew was "The level of value inequality in the S&P 500 is higher than before". From that, any number of conclusions are possible, including perhaps: * The level of innovation at those companies is high. Certainly the 90s tech booms were actually very innovative and profitable.
- OldfieldFund 1y agoAlso, the chart doesn't take into account that the biggest companies have more power, are bigger right now, and it's not inherent to them using AI. If not AI, it would be something else. Shares and revenue are growing, and people are getting fired. They will not collapse.