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Ron Lesh

Lies, damned lies and statistics… in SMSF data

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I always wondered where this colloquialism came from and whom used it first. As I was writing this blog post, I asked Mr Google who popularised this term. I was surprised by the response. For those of you uneducated like me, the term was first attributed it to the British Prime Minister Benjamin Disraeli who said: “There are three kinds of lies: lies, damned lies, and statistics.”

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Are you being sold SMSF vapourware ?

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Time and time again I see organisations marketing vapourware. For those of you who don’t know what vapourware is, it is software that does not exist. It is promoted through screenshots and other associated rubbish.

Well it looks as though this is creeping back into SMSF marketing. People are being shown screen shots of software that does not exist – or if it does exist, it is in a development environment – not a production environment and who knows when it will be available for use.

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