Transparency

transparency

When we know what's going on we can change it.

 

Knowledge

knowledge

The more we know, the better ideas we have.

 

Rationality

rationality

The more objective thinking we do the better decisions we make.

 

Compromise

compromise

We all live together and and depend on each other.

 

Can one at-bat or one game tell you the end of season batting average of a baseball player? Of course not. Yet people often try to extrapolate from one or a few data points to long term fact. Arguing whether this winter's temperatures represents global warming or one hurtful attack indicates our success in decreasing terrorism is just as foolish. We tend to grab anything as "proof" our opinion is the only correct one, regardless of concepts of math, sampling and reason that we learn as early as grade school.

"Extrapolation is basing a longer-term forecast on an emotional reaction to short-term developments." ― gurufocus

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