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I Was Told There Would Be No Math 

By: Zimbler0 in POPE | Recommend this post (1)
Sun, 26 Feb 12 11:38 PM | 46 view(s)
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http://www.fool.com/investing/general/2012/02/21/i-was-told-there-would-be-no-math.aspx

In a 2009 NBC/Wall Street Journal poll, 8 in 10 Americans said they were concerned about the federal deficit and growing national debt.

But a separate poll that same year asked, "How many millions are in a trillion?" and 79% of Americans either answered wrong or didn't know.

. . . . .

That was one example of many. Given three basic questions on interest, division, and percentages, only a small fraction of those about to enter retirement could answer all correctly.

. . . .

Take a well-known example. In 1998, the hedge fund Long Term Capital Management, staffed thick with Ph.D.s and two Nobel laureates, exploded under an almost incomprehensible amount of leverage. Behind the failure was management's utter lack of emotional control.

. . . .

(Only snippets from the entire article were posted. Zim.)




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