Deep down he actually knows this and, much like some folks on Wall Street playing with rounding, he’s doing it with an agenda.
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And that most importantly truncating when people EXPECT you to round could lead to disaster (especially on the stock market, which is entirely driven in the short term by wild emotional guesswork) Hence the important thing is deciding on a consistent standard
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The whole reason this is an issue is that the application of math to real world situations is a subjective human decision (If I have exactly $4.52 in my pocket and I say "I have five dollars in my pocket" am I lying? Am I lying if I say four dollars? Are both of them lying?)
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If we're always truncating then one equals zero. A ninth is zero point one recurring. Nine ninths is, therefore, zero point nine recurring. Now we'd normally say that *is* one, but if we're truncating it's also equal to zero. Therefore one is equal to zero.
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