math fun
here's a fun statistic: of the people whose incomes were in the top 1% in 1995, half were no longer in the top 1% in 2005. conclusion: high income earners don't stay there very long. heh. seems perfectly reasonable. now let me rephrase the exact same math a different way: if your income was in the top 1% last year, it is 96% likely your income will be in the top 1% again this year. conclusion: high income earners stay high income earners forever. heh. said it before. i'm sure i'll say it again. statistics are beyond 99.44% of most people. that's everyone within two sigma of the mean. which includes some very smart people.