From the monthly archives:

February 2012

Misreading misleading headlines: VIX edition

February 13, 2012

I was shocked to see the following bold headline this morning, as it describes something which did not actually happen: CBOE 'fear guage' drops 6% in Monday trading Let's be clear: the VIX is measured in percentage points. A 6% drop in the VIX is very significant, as it represents a 6 point drop in […]

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But what does "exponentially higher" actually mean?

February 10, 2012

An NYT article about a text-message-based ad that aired during the Super Bowl talks about the high follow-through rate that the ad earned for its creator, the NFL. In fact, the ad did so well that one executive described it like this: While Mr. Berman [general manager of NFL Digital Media] declined to say exactly […]

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Data does not make decisions

February 7, 2012

Darren Herman gets it: This is important.  Data alone does not make decisions. An organization built for the next century is one who has to be able to wonk through large datasets, find insights and action them.  Just having data alone is not a winning proposition.  It’s the application of data, the extrapolation, and understanding that […]

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I can chartjunk and so can you!

February 6, 2012

Here's a brilliant post by Andrew Gelman, highlighting a tutorial that will actually destroy information in 25 steps, allowing you (yes, you!) to create this anti-masterpiece: People who treat chartjunk infographics as real data visualizations should be redirected to a GeoCities archive every time they access Wikipedia.

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Facebook au lait

February 5, 2012

The NYT's Bits section, which up until now I thought was doing a wonderful job of evolving technology reporting to a higher, "post-blog" level, has left me stunned with a bizarre editorial in which the author requests compensation for his contribution to Facebook's success. Is it just a tongue-in-cheek opinion designed to attract eyeballs and -- yes […]

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Desperately seeking an informed financial community

February 4, 2012

A sweeping tip of the hat to Barry Ritholtz's guest blogger SilverOz, who was willing to call out the mad (tinfoil) hatters at Zero Hedge on their usual nonsense (emphasis mine): So Rick/Zero Hedge, unless you would like to argue that the population of the United States also grew by 1.5 million in one month (since […]

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Another for the futurist set...

February 4, 2012

It's been a while since we posted one of these, so here's Corning's latest peek at the future, "A Day Made of Glass 2:" (And here is a narrated version with additional details on what is -- and isn't -- currently possible.)

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