We've all heard of half-truths. Somehow they become believed by many, and unlike urban legends, many important decisions are made from them. Sadly, many things people go by in personal finance are half-facts. Think about the last time that you heard an urban legend.
Chances are the teller of the urban legend was sure it was true.
You couldn't convince him or her it was just a story. No matter how incredible the tale, the teller sticks to it. Ok, now let's look at half-facts. True, if you look at Microsoft's split adjusted IPO price, and it's less than what you pay for bubble gum. That's the half-fact.