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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: donss who wrote (2012)	11/7/1997 8:54:00 PM
From: Investor2	Read Replies (2) \| Respond to of 42834

RE: "If so, Montgomery might have been on more solid ground if it had cited that median estimate of 15% a year, instead of the 34% average. Statisticians say the median is a more representative statistic than the average "if the response distribution is really skewed," says Peter Miller, a professor at Northwestern University, Evanston, Ill. "The average is sensitive to extreme values. That's why you often see reports of median income instead of average income." Yes, that's what I was trying to say in my previous post. Thanks for the information, I2

To: donss who wrote (2012)	11/8/1997 1:06:00 AM
From: Kirk ©	Read Replies (1) \| Respond to of 42834

Thanks Donss Kirk, I believe this is the article you wanted. ----------------------------------------------- The Wall Street Journal Interactive Edition -- October 27, 1997 Was Investor Survey A Rush to Judgment? By ROBERT MCGOUGH Staff Reporter of THE WALL STREET JOURNAL Are mutual-fund investors really so naive that they believe they're going to earn 34% a year for the next 10 years? --------------------------------------------------------------- My guess is it makes better press to talk about "pretend idiots" rather than a few points optimistic expectations. Great respect and kudos to "The Journal" too. To bad they charge so much for their interactive edition. thanks again please read: suite101.com and join in our discussions.