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This episode of W.I.T. has me thinking about how words can be 100% true and yet not tell the whole story. Check out two headlines that both tell the truth about household net worth and debt but which infer stories that are polar opposites.
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This episode of W.I.T. from John gives some ideas on how to improve thinking, discussing how things can be true but not necessarily right.
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Three Things Worth Sharing
- As someone who reads the newspaper nearly every day, I found ‘Why You Should Stop Reading the News’ on the excellent Farnham Street Blog very interesting reading. Included in the article is this:
- When you stop reading the news…you notice is that you weren’t as well informed as you thought. The news didn’t make your opinions more rational, it just made you more confident you were right.
- It was 155 years ago this week that William Seward agreed to buy Alaska from Russia for $7.2 million. In today's dollars, 'Seward's Folly' would have cost about $138 million. We all learned in middle school how the purchase was hardly a folly, but for context compare the cost of Alaska to the $524 million initial cost of building the home of the NBA Champion Milwaukee Bucks. Crazy!
- Just for fun: Next weekend is The Masters golf tournament, a sure harbinger of spring. Being the only major golf tournament to be played at the same course every year, there is a lot of history to the event. Two interesting articles talk about some of the events' unique history: One old one from Sports Illustrated about the returning runner-up being ejected from the 1948 tournament before it started for allegedly violating a course rule during a practice round. (could you imagine that happening today??) The other is about a player who received not one but two written reprimands from the golf course, only to have the two 'violations' become beloved traditions.
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