Investing | Productivity | Happiness. |
Joined on 8 October, 2015
3. Over-reliance on data: “Numbers represent a surface facade of a complex process.
Beneath lies a chain of issues that impact the these numbers-problem definition, research design, how questions are asked, and even the analytic skills of those who interpret them.”
Pepsi was the sweeter product & this was the reason for the consumer preference in taste tests.
But consumers don’t sip cola. They gulp it in huge quantities. The preference in “testing environment” is not same as a better product.
Pepsi now knew this. Coke didn’t
The lure of easy & quick riches is just too tempting to resist. It’s a tragedy when someone who doesn’t have even 6 month of his expenses in savings loses about half of it in penny stocks (a close friend of mine did).
Please ask yourself why you can do this?
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