Book Review: Standard Deviations, Flawed Assumptions, Tortured Data and Other Ways to Lie with Statistics

Years ago, when asked to recommend some good investment books, I often suggested ones dealing with the psychological issues influencing investor behavior. These focused on investor fear and greed, showing “what fools these mortals be.” Here are examples: Devil Take the Hindmost: A History of Financial Speculation by Edward Chancellor, and Extraordinary Popular Delusions and the Madness of…