Italy – Pride and Prejudice

  In the current economic situation, of falling stock markets, plummeting oil prices and sustained turbulence, the global investor must know which regions/countries offer better long-term sustainable investment opportunities. In addition to having one of highest resilience ratings in the Euro Area (Italy – 73.1%, versus 70.5% of Germany for example), Italy is the 3rd…

Correlation is Charlatanism.

“…correlation is charlatanism” Photo: AP photo/Richard Drew “Anything that relies on correlation is charlatanism” is a great article. But is correlation charlatanism? Yes it is. But it is not for the reasons explained in the article. Here is why. Correlations are present everywhere. The concept of correlation is one of the key constructs of statistics,…