One of the biggest mistakes I frequently see in market commentaries is the belief that an index is static, that its composition is fixed in time and place. This is a great little piece that shows the very organic nature of an index such as the S&P500 over time. The index of today is not…
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Saw this snippet online this morning courtesy of The Age online edition. Pop quiz for the day – was the road toll in China for that day higher or lower than 97? Numbers without context or framing are meaningless.
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