I read one of the most ridiculous headlines ever today.
A story from Reuters ran with this heading:
45 percent of world’s wealth destroyed: Blackstone CEO
Has 45% of the world’s physical assets suddenly been launched into space, never to be seen again? Have people suddenly become 45% less able to think and create for themselves?
Of course not!
Only artificially-set numbers on paper have changed. The inherent value of my “stuff” and my ability to create wealth has not changed one iota.
Unless I believe it to be true.
The great writer Mark Twain put it very well. As he said, “There are three types of lies: lies, damned lies, and statistics.”