Ep 81: Math Mistakes in the Media, Investing, and in Understanding Vaccines

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

In the age of Covid, everyone has seemingly become a data expert .... regardless of one's understanding of data and statistics (sigh). Hear Kevin highlight some recent math errors he's observed in media, relate them to investing errors, and tie in vaccines to boot. He'll describe how making bad comparisons in identifying mutual fund category winners is subject to similar errors to drawing conclusions about the recent Cape Code headline where a Covid outbreak infected 74% of vaccinated people. He'll also explain how butter production in Bangledesh is tied to the S&P 500 and why you should (or shouldn't?) "sell in May and go away." Put your thinking cap on and happy listening! Get more information: https://www.truewealthdesign.com/ep-81-math-mistakes-in-the-media-investing-and-in-understanding-vaccines/ Key Points: 1:02 - Quick shout out for a team member 3:35 - Covid update 6:19 - Background on our topic 11:13 - Deceptive investment performance advertising 14:44 - The vaccine equivalency 19:24 - Correlation does not equal causation 25:37 - Additional examples of vaccine data and cherry-picking 36:50 - Closing thoughts