"Wealth — any income that is at least one hundred dollars more a year than the income of one's wife's sister's husband." —H.L. Mencken.
Once a week I like to touch on things related to investing, analysis and asset management. Often, there are lessons from other disciplines that are applicable to our own. Sometimes I point out an especially insightful work. But most of the time, I like to highlight misguided, faulty or just plain dumb analysis.
The latter is our subject today: a dishonest and disingenuous argument that is technically correct, but cynical and misleading. It only takes a bit of thinking to realize the absurdity of the claim.
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