Latest / The Paul Truesdell Podcast / Reduce Spending on Science, Space, and Technology
Transcript
- Episode 216. This is the Paul Truesdell podcast. Due to our extensive holdings, that of our clients in your host, you should assume that we have a position in all companies discussed and that a conflict of interest exists. The information presented is provided for informational purposes, and now paltry sound. There is logic and there is convoluted logic, I love, absolutely love looking at the insane, convoluted logic that's out there. So for example, one of the things that we probably should begin talking about is reducing the spending on Science, Space, and Technology. If we reduce the spending on science, space and technology, we will save lives. There's absolutely no doubt about it. Because there is a direct correlation between suicides by hanging, strangulation and suffocation. Now, I've provided a link to a chart that will show that as we have increased spending on science, space and technology, going back to 1999. And what we're spending now in 2009, a few years, well, 10 years ago, whatever, there's a direct correlation. So maybe we've changed things a little bit of late. But again, 99 2000 2001 23456789, that's a pretty good trend. And it is an absolute correlation. So the number of suicides using a simple chart, and people do this all the time. They're always looking at correlations. correlations, is there a correlation? The problem is, correlation does not necessarily result in causation. And I've said this over and over and over, I'm not going to say anything about the COVID virus. I'm not going to talk about all the different treatments that are out there. But I think when you make a big step, a big leap of faith based upon dubious information, I think you have a problem. And that is the problem that I see in the investment world on a daily basis. Correlation does not equal causation. Correlation might just be well, luck of the draw. So for example, once again, if we look at 1999, there were a grand total of 5427 suicides by hanging strangulation, or suffocation, and the amount of money spent on Science in Technology, and all things related space. Well, that was $18.079 billion. Now in 2004 7336, suicides, and the spending went up to 20 billion. And so as a result, actually 23.0 to 9 billion. And so if we plot this out year by year, so direct correlation, direct absolute correlation, the growth in percentage in 2007. Now 8161, suicides, spending for science, space and technology 25.5 to $5 billion. So, again, when I talk about quantitative analysis and qualitative analysis, just because the numbers line up doesn't mean they're there right. Now, this afternoon, I'm gonna talk about how a 100% rate of return is actually zero. How 25% is zero. So join me this afternoon at five o'clock in the afternoon, and I'll show you how numbers can be used to manipulate facts and figures. The Wrap. This has been the pool Truesdell podcast. The Paul Truesdell podcast is sponsored by nobody. Why? Because paid advertising chokes and corrupts free speech. and bandwidth production and hosting for the Paul Truesdell podcast provided by fixed cost financial, the home of fixed cost investing. A true fiduciary based registered investment advisor and manager visit fixed cost financial.com. That's fixed cost financial calm Transcript by Otter.ai