Inaccuracy is in the eye of the beholder. We see this in politics every night on TV. Watch the same story on CNN and on Fox and you will see slight differences that some would call inaccuracies.

One of the main reasons for posting this is to make very clear that spin exists in finance. We used to use different charts in the financial reports depending on which one looked the best. Not different numbers, but the selection of income over cash flow was based on which one looked better. Sure all the numbers were there but the chart of steadily increases looks better than scattered volatility. That’s spin. I did it. Everyone does it. As investors, managers and business owners, we need to be aware of it and consider it when making decisions.