Why Not to Trust Statistics: Median
An investment fund brags of a median gain of 8% a year, but its losses are far bigger than its gains.
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Cartoon by Ben Orlin, Math with Bad Drawings. https://cartoons.mathwithbaddrawings.com/2016-07-13-why-not-to-trust-statistics--median/ (CC BY-NC 4.0)Transcript
Median: "So, why should I invest with you?" "Well, not to brag, but my fund has a median gain of 8% per year!"
[Bar chart of yearly returns: small gains around +8%, huge losses below −10%]