Oh for a crystal ball!

[DOMiNIC]

I was just reading an old Newsweek from December 18th. (My postman is pretty slow.)

Apparently, a new study by the University Of Michigan School Of Business claims that, "If you invested $1 in 1963 in a mutual fund and held it through to 2004, it would have grown to $75, with dividends reinvested. But markets move in spurts. If you happened to miss the 90 best performance days out out of that 42 year span, you'd have earned only $2.70. If you guessed just right of course, and avoided the 90 worst days, you'd have turned $1 into $1,694."

Now where can you find a fund manager that can do that????????

 

[fonzie_007]

Stats can be pretty interesting, but as seen above, you can twist them in very interesting ways.

 

[DOMiNIC]

Stats can be pretty interesting, but as seen above, you can twist them in very interesting ways.

As I said in this previous thread, "Many moons ago I opted to study statistics seperately to maths.

I will never forget the opening words of my teacher on the first day. "The difference between mathamatics and statistics is this. The rules of mathamatics are set by God, however in statistics you set your own rules and can play at being God."

http://www.namepros.com/the-break-r...ichest-nation-earth.html?highlight=statistics

 

[{insert name here}]

63.287% of all statistics are made up on the spot! :lol:

 

[fonzie_007]

63.287% of all statistics are made up on the spot! :lol:

Is that a fact? Well, did you know that at anytime, 14.2301% (round it off to the nearest decimal point) of apes are afflicted with lead posioning sometime during the first 27% of the calander year? lol

 

[{insert name here}]

Is that a fact? Well, did you know that at anytime, 14.2301% (round it off to the nearest decimal point) of apes are afflicted with lead posioning sometime during the first 27% of the calander year? lol

I did not know that, I'll write that down, thanks! :hehe:

 

[DOMiNIC]

As I said, "The difference between mathamatics and statistics is this. The rules of mathamatics are set by God, however in statistics you set your own rules and can play at being God."

 

[fonzie_007]

As I said, "The difference between mathamatics and statistics is this. The rules of mathamatics are set by God, however in statistics you set your own rules and can play at being God."

We are implicitly agreeing with you. We are just having a little bit of fun proving your point.

 

[DOMiNIC]

We are implicitly agreeing with you. We are just having a little bit of fun proving your point.

"Implicitly" is a pretty big word for a Saturday Night.

I'm on my second bottle of whisky!!!!

Anyway, the best statistics relate to 'Life On Other Planets,' seeing as the Universe is 'Infinate' the statistics are pretty manipuable.

 

[fonzie_007]

Second bottle of whisky? Geez... hope you didn't finish the first one by yourself...

I prefer a good beer myself...

 

[{insert name here}]

What is going on in here, you guys need to stop this jibber jabber

 

[Albino]

30% of forum posts are complete drivel

 

[fonzie_007]

30% of forum posts are complete drivel

That is too conservative. I would say at least 45% are.

 

[{insert name here}]

Naw, 100% of forum posts are incomplete drivel, can you dig that! I sure can't, I have a broken arm, and the ground cold and hard, oh well

 

[RareIQ]

I'm on my second bottle of whisky!!!!

 

[DOMiNIC]

Umm, I was diagnosed diabetic three weeks ago. The doctor said quit the beer but a little whisky is ok.

 

[{insert name here}]

I was diagnosed diabetic three weeks ago.

If thats true, I am sorry man

 

[DOMiNIC]

If thats true, I am sorry man

It's no suprise, I've abused my body for 15 years, I.m lucky it's only diabetis and not liver and kidney failure.

 

[{insert name here}]

It's no suprise, I've abused my body for 15 years, I.m lucky it's only diabetis and not liver and kidney failure.

Well, actually, diabetis is worse, if you do not change your ways, and listen to your doctor, my brothers wife's dad (don't think that really counts as father-inlaw :lol just had both his legs removed because of it, and they said, if he doesn't quit drinking and smoking, soon they will be removing his fingers. Its not something to just say, oh well, its just diabetis, you should take this very seriously, and I hope you do.

 

[DOMiNIC]

Well, actually, diabetis is worse, if you do not change your ways, and listen to your doctor, my brothers wife's dad (don't think that really counts as father-inlaw :lol just had both his legs removed because of it, and they said, if he doesn't quit drinking and smoking, soon they will be removing his fingers. Its not something to just say, oh well, its just diabetis, you should take this very seriously, and I hope you do.

It's actually a blessing in disguise. I've been drinking at least a case of beer a day for many years, I am a heavy heavy smoker, I've not been excercising, and I've been eating too much bacon and eggs and sweet foods.

Since the doctor diagnosed Diabetis four weeks ago I have stopped the beer completly, (quite an accomplishment), stopped all food containing sugar, reduced my starch intake (potato, pasta, rice), and walked to my office every day, (3 kilometres).

I've lost about 4 kilograms, and crap about 5 times more due to my increase in fresh vegetables.

I'm intending to start the gym next week as well, so I guess the realization of a condition like diabetis is quite beneficial to a person who has been neglecting the body.

Thanks for the concern anyway.

DOMiNIC