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Save lives by reducing in science and save lives. Logic. All logic is the same. Note: Sarcasm.
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The Paul Truesdell Podcast
Welcome to the Paul Truesdell Podcast. So, what's the gig? Paul records frequently at the Truesdell Professional Building. He eplains a few things about how life works before time gets away. Paul connects the dots, the plot and knots, spots the ops with a heavy dose of knocks, mocks, pots, rocks, socks, and mops. Confused? Then welcome aboard! You see, Paul the Elder enjoys telling complex stories in a way that is easy to understand. While always based on business, economics, and forecasting, having fun, laughing, and being among like-minded men, women, and children from Earth, Pluto, Jupiter, and Neptune is a requirement. Paul the Elder coupled with Team Truesdell, have been there and done it. If you enjoy front porch philosophers who take deep dives and connect the dots, while drinking coffee during the day and a whiskey after five, welcome.
It is a true pleasure to have you onboard.
This is, The Paul Truesdell Podcast.
Episode 216.
This is the Paul Truesdell podcast. Due to our extensive holdings, that of our clients in your host, you should assume that we have a position in all companies discussed and that a conflict of interest exists. The information presented is provided for informational purposes, and now paltry sound.
There is logic and there is convoluted logic, I love, absolutely love looking at the insane, convoluted logic that's out there. So for example, one of the things that we probably should begin talking about is reducing the spending on Science, Space, and Technology. If we reduce the spending on science, space and technology, we will save lives. There's absolutely no doubt about it. Because there is a direct correlation between suicides by hanging, strangulation and suffocation. Now, I've provided a link to a chart that will show that as we have increased spending on science, space and technology, going back to 1999. And what we're spending now in 2009, a few years, well, 10 years ago, whatever, there's a direct correlation. So maybe we've changed things a little bit of late. But again, 99 2000 2001 23456789, that's a pretty good trend. And it is an absolute correlation. So the number of suicides using a simple chart, and people do this all the time. They're always looking at correlations. correlations, is there a correlation? The problem is, correlation does not necessarily result in causation. And I've said this over and over and over, I'm not going to say anything about the COVID virus. I'm not going to talk about all the different treatments that are out there. But I think when you make a big step, a big leap of faith based upon dubious information, I think you have a problem. And that is the problem that I see in the investment world on a daily basis. Correlation does not equal causation. Correlation might just be well, luck of the draw. So for example, once again, if we look at 1999, there were a grand total of 5427 suicides by hanging strangulation, or suffocation, and the amount of money spent on Science in Technology, and all things related space. Well, that was $18.079 billion. Now in 2004 7336, suicides, and the spending went up to 20 billion. And so as a result, actually 23.0 to 9 billion. And so if we plot this out year by year, so direct correlation, direct absolute correlation, the growth in percentage in 2007. Now 8161, suicides, spending for science, space and technology 25.5 to $5 billion. So, again, when I talk about quantitative analysis and qualitative analysis, just because the numbers line up doesn't mean they're there right. Now, this afternoon, I'm gonna talk about how a 100% rate of return is actually zero. How 25% is zero. So join me this afternoon at five o'clock in the afternoon, and I'll show you how numbers can be used to manipulate facts and figures.
The Wrap.
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Transcript by Otter.ai