Federal Reserve officials like to call their decisions “data dependent.” Business leaders say it a little differently, often “data driven.”
All well and good but does anyone really say otherwise? “To say you prefer seat-of-the-pants guesswork” doesn’t typically impress investors. So of course, people claim to be data-driven, even when they aren’t.
Even worse, you can sincerely think you are data-driven while looking at data that’s incomplete, distorted, or just plain wrong. We live in a complex world.
So How Do You Stay Data Driven?
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Host: Victor Menasce
email: podcast@victorjm.com