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John Kenneth Galbraith Quotes: There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.
         

There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.


John Kenneth Galbraith
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Other quotes of John Kenneth Galbraith


The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.

The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.



Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.

Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.



Under capitalism, man exploits man. Under communism, it's just the opposite.

Under capitalism, man exploits man. Under communism, it's just the opposite.



But there is merit even in the mentally retarded legislator. He asks the questions that everyone is afraid to ask for fear of seeming simple.

But there is merit even in the mentally retarded legislator. He asks the questions that everyone is afraid to ask for fear of seeming simple.



Economics is extremely useful as a form of employment for economists.

Economics is extremely useful as a form of employment for economists.



If all else fails immortality can always be assured by adequate error.

If all else fails immortality can always be assured by adequate error.



The process by which banks create money is so simple that the mind is repelled.

The process by which banks create money is so simple that the mind is repelled.



There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting.

There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting.



Simple minds, presumably, are the easiest to manage.

Simple minds, presumably, are the easiest to manage.



Every corner of the public psyche is canvassed by some of the most talented citizens to see if the desire for some merchandisable product can be cultivated.

Every corner of the public psyche is canvassed by some of the most talented citizens to see if the desire for some merchandisable product can be cultivated.





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World-peace can be achieved when the power of love replaces the love of power.

World-peace can be achieved when the power of love replaces the love of power.



Self-pitying, self-righteous, self-important, all the selfs except self-confident, the quality that she always needed the most.

Self-pitying, self-righteous, self-important, all the selfs except self-confident, the quality that she always needed the most.



We should all start to live before we get too old. Fear is stupid. So are regrets.― Marilyn Monroe

We should all start to live before we get too old. Fear is stupid. So are regrets.― Marilyn Monroe



If we strike a line to the N.W. from Sydney to Wellington Valley, we shall find that little change takes place in the geological features of the country.

If we strike a line to the N.W. from Sydney to Wellington Valley, we shall find that little change takes place in the geological features of the country.



I do not see the E.E.C. [European Economic Community] as a great love affair. It's more like nine middle aged couples with failing marriages meeting at a Brussels hotel for a group grope.

I do not see the E.E.C. [European Economic Community] as a great love affair. It's more like nine middle aged couples with failing marriages meeting at a Brussels hotel for a group grope.



God is continuously in action, without resting for a single moment.

God is continuously in action, without resting for a single moment.



Long years must pass before the truths we have made for ourselves become our very flesh.

Long years must pass before the truths we have made for ourselves become our very flesh.



Humanity, its dignity and its balance, will depend at every moment and on every place on the globe,on who man is for woman and who woman is for man.

Humanity, its dignity and its balance, will depend at every moment and on every place on the globe,on who man is for woman and who woman is for man.



for some reason Gale and Peeta do not coexist well in my thoughts.

for some reason Gale and Peeta do not coexist well in my thoughts.




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This page presents the quote "There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.". Author of this quote is John Kenneth Galbraith. This quote is about investing, two, kind,.