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Edgar Fiedler Quotes: Forecasters tend to learn less and less about more and more, until in the end they know nothing about everything.
         

Forecasters tend to learn less and less about more and more, until in the end they know nothing about everything.


Edgar Fiedler
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Other quotes of Edgar Fiedler


Ask five economists and you'll get five different answers - six if one went to Harvard.

Ask five economists and you'll get five different answers - six if one went to Harvard.



If you have to forecast, forecast often.

If you have to forecast, forecast often.



The herd instinct among forecasters makes sheep look like independent thinkers.

The herd instinct among forecasters makes sheep look like independent thinkers.



For economist the real world is often a special case.

For economist the real world is often a special case.



When you know absolutely nothing about the topic, make your forecast by asking a carefully selected probability sample of 300 others who don't know the answer either.

When you know absolutely nothing about the topic, make your forecast by asking a carefully selected probability sample of 300 others who don't know the answer either.



Economists state their GNP growth projections to the nearest tenth of a percentage point to prove they have a sense of humor.

Economists state their GNP growth projections to the nearest tenth of a percentage point to prove they have a sense of humor.





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A small but noteworthy note. I've seen so many young men over the years who think they're running at other young men. They are not. They are running at me.

A small but noteworthy note. I've seen so many young men over the years who think they're running at other young men. They are not. They are running at me.



People must come to the understanding that they do not have a fixed identity. They have the power to identify and alter features of their personalities that they find negative or unpleasant.

People must come to the understanding that they do not have a fixed identity. They have the power to identify and alter features of their personalities that they find negative or unpleasant.



Only a coward will use a gun to protect and get respect for themselves.

Only a coward will use a gun to protect and get respect for themselves.



He is improving all the time. He is only 21 and who knows what he is capable of. (on Cristiano Ronaldo)

He is improving all the time. He is only 21 and who knows what he is capable of. (on Cristiano Ronaldo)



To whom much is given, much is required. Righteousness exalts a nation...but sin is a reproach to any people

To whom much is given, much is required. Righteousness exalts a nation...but sin is a reproach to any people



I'm probably the only person over 40 who does not want to be 22 again.

I'm probably the only person over 40 who does not want to be 22 again.



Also, many consumers consider a critic to be like God Almighty.

Also, many consumers consider a critic to be like God Almighty.



The implication strongly is that Osama bin Laden is a Hitler, even though he has no state power at all. It's just grotesque if you seriously think about it.

The implication strongly is that Osama bin Laden is a Hitler, even though he has no state power at all. It's just grotesque if you seriously think about it.



One great use of words is to hide our thoughts.

One great use of words is to hide our thoughts.



There are several such issues where I have departed radically from the Republican orthodoxy.

There are several such issues where I have departed radically from the Republican orthodoxy.




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This page presents the quote "Forecasters tend to learn less and less about more and more, until in the end they know nothing about everything.". Author of this quote is Edgar Fiedler. This quote is about knowledge, ends, knows,.