Terminology Accuracy

I'm disappointed when I talk to joe average about finance/economics/world affairs with their common refrain that its too complicated. It only compounds when I see the 'experts' confuse things with sloppy terminology. Recently you compared Jeff Bezos net worth woth the GDP of US states. Wealth is stock, GDP is flow. I'm amazed a professor of economics would make that mistake. No wonder people are confused. Another example I often see (but can't point to a specific one from you), is presenting things in different unit of measures. eg: The DOW fell 3% and the NASDAQ was up 156 points today. When you are presenting a case, accuracy of terminology is important. A suggestion is to do some reading on NLP. Great resource on how language is used to reframe arguements.

Showing 1 reaction

How would you tag this suggestion?
Please check your e-mail for a link to activate your account.