“Now even The New York Times is misusing the ‘law of large numbers,'” Philip Elmer-DeWitt reports for Fortune.
“We can forgive the talking heads on CNBC for blathering on about mathematical ‘laws’ of which they are totally ignorant,” P.E.D. reports. “What do they know? But when James B. Stewart, a Pulitzer-prize winning professor of business journalism at Columbia University writes about Apple (AAPL) “running up against the law of large numbers” in The New York Times, it’s time for corrective action.”
P.E.D. reports, “For the record, the law of large numbers — once shortened to “LOL numbers” (as in “laugh out loud”) by a wag in our comment stream — has absolutely nothing to do with how big a company has grown.”
Read more in the full article here.
[Thanks to MacDailyNews Readers “Dan K.” and “Edward Weber” for the heads up.]
Related article:
Apple looks to break the law of large numbers – February 24, 2012