Gary Smith Quotes
It is true that the church must be in many places and with many people, but it is the poor who will reveal to the church—dramatically and poignantly—the nature of its heart and mission.

-Gary Smith
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We encounter regression to the mean almost every day of our lives. We should try to anticipate it, recognize it, and not be fooled by it.

-Gary Smith
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When a theory is generated by ransacking data, we can’t use these pillaged data to test the theory.

-Gary Smith
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There are few statistical facts more interesting than regression to the mean for two reasons. First, people encounter it almost every day of their lives. Second, almost nobody understands it.

-Gary Smith
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During the dot-com bubble, most people did not use a persuasive theory to gauge whether stock prices were too high, too low, or just right. Instead, as they watched stock prices go up, they invented explanations to rationalize what was happening. They talked about Moore’s Law, smart . . . Read more

-Gary Smith
In carpentry, they say, “Measure twice, cut once.” With data, “Think twice, calculate once.

-Gary Smith
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Finding a historical correlation between gold and silver prices is no more convincing than finding a historical correlation between marriage and beer consumption. All it demonstrates is that we looked long enough to find a correlation.

-Gary Smith
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Be doubly skeptical of graphs that have two vertical axes and omit zero from either or both axes.

-Gary Smith
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