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New Math
(lemmy.ml)
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this post was submitted on 11 Apr 2025
831 points (98.5% liked)
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Both sides are right in a way. It just depends on what you're comparing the +/-10% to
This is clearly about the US stock market crashing. In that case it's always the days gain/loss, in which case Yang is the only person who is right.
This is important because a lot of people saw "down 10%" and now "up 10%" without realizing that's still day over day loss.
While the idea put forward by him is correct, stating that 100-10=90+9=99 is just entirely incorrect, hence why I'm saying they're both somewhat correct