David Spiegelhalter on Risk and the Use (and Misuse) of Statistics | Suprising Market Internals

In this episode, co-hosts Phil Ordway, Elliot Turner, and John Mihaljevic discuss (i) an interview with Sir David Spiegelhalter on risk and the use (and misuse) of statistics, published in the Financial Times on April 16, 2021; and (ii) a table from Morgan Stanley, showing that more than 90% of stocks have declined more than 10% from their YTD highs (＞30% for Nasdaq and Russell 2000 stocks) even as the market indices remain only a few percentage points off their highs.