Chart of the Day: Ice Cream vs. Shark Attacks
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Today’s Chart of the Day is a little different than what I usually share. The chart compares ice cream sales and shark attacks over the course of a year, both which peak during the summer.
While it's a tongue-in-cheek example, it proves this point: correlation (when two things move together) does not equal causation (that one thing causes the other).
Always keep this in mind when interpreting charts - just because things happen at the same time doesn't mean one thing is responsible for the other. And remember to think twice before eating ice cream in the ocean during the summer.
Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.
Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.
