"What ever happened to your buddy estimatedprophet
Post# of 43064
Posted On: 08/07/2014 7:55:15 PM
"What ever happened to your buddy estimatedprophet?"
- A1ias
EstimatedProphet didn't seem like a bad guy. His flaw was that he was a believer who fell for the JBI scam hook, line and sinker. EP, not realizing Mr. Bordynuik's numbers were all fake, took all of those fake numbers and put them into a spreadsheet. EP then added his own arbitrary fudge factor to make his numbers "conservative" and calculated how massive JBI's profits would be in 2010 and in years going forward. It wasn't EP's fault that the numbers never materialized in real life, EP just trusted Mr. Bordynuik and tried to do calculations using the fictitious numbers which came from Mr. Bordynuik's own mouth.
The lesson there is that you can't take garbage data and make them conservative just by adding an arbitrary margin for error. Mr. Bordynuik's $10/bbl cost and WTI-$3 sales price were completely fiction.
It's like the square root of negative one...anything you multiply by the square root of -1 will still be imaginary. Actually that's a poor example because in the mathematical case, multiplying two imaginary numbers together would make the number real. In Mr. Bordynuik's case, the resulting numbers stay imaginary.
.
- A1ias
EstimatedProphet didn't seem like a bad guy. His flaw was that he was a believer who fell for the JBI scam hook, line and sinker. EP, not realizing Mr. Bordynuik's numbers were all fake, took all of those fake numbers and put them into a spreadsheet. EP then added his own arbitrary fudge factor to make his numbers "conservative" and calculated how massive JBI's profits would be in 2010 and in years going forward. It wasn't EP's fault that the numbers never materialized in real life, EP just trusted Mr. Bordynuik and tried to do calculations using the fictitious numbers which came from Mr. Bordynuik's own mouth.
The lesson there is that you can't take garbage data and make them conservative just by adding an arbitrary margin for error. Mr. Bordynuik's $10/bbl cost and WTI-$3 sales price were completely fiction.
It's like the square root of negative one...anything you multiply by the square root of -1 will still be imaginary. Actually that's a poor example because in the mathematical case, multiplying two imaginary numbers together would make the number real. In Mr. Bordynuik's case, the resulting numbers stay imaginary.
.
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