Bad Math Archives - The Big Picture

We are all systematically blind to how often things fail. A 2025 research paper, titled The Failure Gap, goes into great...

Funny story: I was supposed to have Bobby Bonilla on Masters in Business, but it did not come to pass. That was a shame, because...

Since it’s commencement time, I wanted to share a few thoughts on serendipity. I have been working in finance since...

Sturgeon’s Law states, “90% of everything is crap.” 1 Theodore Sturgeon was a science fiction writer in the 1950s...

I spill a lot of words about Denominator Blindness in “How Not to Invest.” The opportunities to demonstrate...

I wanted to drop a quick note about recent CPI data and how tariffs are impacting inflation. There is a fundamental...

Calculation: BEA Table 3.1 Line 20 (Current Expenditures) divided by Table 1.1.5 Line 1 (GDP). Alternatively, Item #2 below divided by...

@TBPInvictus here Our story so far: California has been raising its minimum wage for the past decade, starting at $8/hour through...

I’m deep in my book writing work discussing federal debt when I see a tweet that simply epitomizes the entire genre....

@TBPInvictus here If you’re tired of California-minimum-wage-and-its-impact-on-limited-service-restaurant-employment stories, I...