I read the book How to Lie With Statistics , a basic but brutally honest and funny read about how to prove almost anything you want to.
Here are six things I learned.
1. Mother nature has her own statistics; they're stronger than ours:
2. Where are these numbers coming from?
4. Biased samples are extremely common.
5. You often need a huge sample to prove a point.
6. Always remember: data is not perfect.
Buy the book here . It's great.
For more:
- What I learned from Antifragile
- What I learned from Thinking Fast and Slow
- What I learned from Risk Savvy
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The article 6 Things I Learned from the Book, "How to Lie With Statistics" originally appeared on Fool.com.
Contact Morgan Housel at mhousel@fool.com. The Motley Fool has a disclosure policy .
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
