Born into a Big 5 investment banking family, I quit organized financial racketeering to go straight. MacDougal Irving is my Blogger Protection Identity, and I am a retired Certified Public Accountant and, like all of us, a badly misinformed investor. These are my observations on capital market cons as they were explained to me across the dinner table as a kid.
January 23, 2015
Underinflating Footballs
National Football League game balls, we're being told, are inflated to pressures between 12 1/2 and 13 1/2 pounds per square inch (psi). Thing is, that arcane fact happens to reach our ears because the Patriots got accused of stomping the Colts 45-7 this weekend through under-inflating their game balls by some 2 psi.
Apparently a team's game improves by 5 touchdowns and a field goal when you set the gauge to 10 1/2 instead of whatever. Clearly, this brings up one simple question.
Why didn't they tell everyone to set the damn contraptions to 10 1/2 in the first place?