FT商学院

Relative measures can be absolutely wrong
相对衡量可能是绝对错误的

Comparing one data point with another can be misleading, nonsensical or even dangerous.
将一个数据点与另一个数据点进行比较可能会产生误导、毫无意义甚至是危险的。

As a clever-clogs analyst a long time ago, I remember ripping a friend’s new business venture apart. Why would you touch such a horrible industry? The profit margins are barely in to double figures! But when revenues passed eight digits, his earnings were a million pounds per year. He realised before I did that money is absolute, whereas my financial models were full of percentages and ratios.

很久以前,作为一名精明的分析师,我记得我曾对朋友的新商业计划进行了严厉的批评。你为什么要涉足这样一个糟糕的行业?利润率勉强达到两位数!然而,当收入超过八位数时,他的年收入达到了一百万英镑。他比我更早地意识到,金钱是绝对的,而我的财务模型却充满了百分比和比率。

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