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Forecasting Quotes

Computer modelling for weather forecasting, and indeed for climate forecasting, has reached its limits Picture Quote #1

The Federal Reserve is not currently forecasting a recession Picture Quote #1

The quest for certainty in forecasting outcomes can be the enemy of progress Picture Quote #1

The only function of economic forecasting is to make astrology look respectable Picture Quote #1

Commercial institutions, proud of their achievements, do not see that healthy living systems - clean air and water, healthy soil, stable climates - are integral to a functioning economy. As our living systems deteriorate, traditional forecasting and business economics become the equivalent of house rules on a sinking cruise ship Picture Quote #1

Don’t be forecasting evil unless it is what you can guard against. Anxiety is good for nothing if we can’t turn it into a defense Picture Quote #1

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If I have noticed anything over these 60 years on Wall Street, it is that people do not succeed in forecasting what`s going to happen to the stock market Picture Quote #1

Economic forecasting has actually got pretty good over the years, though admittedly, we don’t always get it right Picture Quote #1

The reason why China forecasting has such a poor track record is that Westerners constantly invoke the model and experience of the West to explain China, and it is a false prophet. Until we start trying to understand China on its own terms, rather than as a Western-style nation in the making, we will continue to get it wrong Picture Quote #1

It is important for investors to understand what they do and don’t know. Learn to recognize that you cannot possibly know what is going to happen in the future, and any investment plan that is dependent on accurately forecasting where markets will be next year is doomed to failure Picture Quote #1

Now it will take a long time to scale biofuels, but I’m the only one in the world forecasting oil dropping in price to $35 a barrel by 2030. I’ll put it on the record: Oil will not be able to compete with cellulosic biofuels. If you do it from food, the food will get so expensive you can’t make fuel out of it Picture Quote #1

I deal in facts, not forecasting the future. That’s crystal ball stuff. That doesn’t work Picture Quote #1

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Part of my advantage is that my strength is economic forecasting, but that only works in free markets, when markets are smarter than people. That’s how I started. I watched the stock market, how equities reacted to change in levels of economic activity, and I could understand how price signals worked and how to forecast them Picture Quote #1

I think the association of economics with forecasting is unfortunate and is down to the fact that one great way to get an investment bank’s name on business television is to hire a guy called a Chief Economist who will go and prognosticate Picture Quote #1

Using a forecasting company is like going to a fortune-teller. If you believe the company and the color does not sell, who do you blame? The forecasters? No, you blame yourself Picture Quote #1

Nate Silver is now forecasting Oscar winners. The only area of life in which he has no expertise, ironically, is life itself Picture Quote #1

Forecasting by bureaucrats tends to be used for anxiety relief rather than for adequate policy making Picture Quote #1

If I have noticed anything over these 60 years on Wall Street, it is that people do not succeed in forecasting what’s going to happen to the stock market Picture Quote #1

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And this is one way to do technology forecasting; get a sense of where technology is, and then anticipate the next upturn Picture Quote #1

In complex situations, we may rely too heavily on planning and forecasting and underestimate the importance of random factors in the environment. That reliance can also lead to delusions of control Picture Quote #1

I deal in facts, not forecasting the future. That’s crystal ball stuff. That doesn’t work Picture Quote #1

Investing is an activity of forecasting the yield over the life of the asset; speculation is the activity of forecasting the psychology of the market Picture Quote #1

Don’t be forecasting evil unless it is what you can guard against. Anxiety is good for nothing if we can’t turn it into a defense Picture Quote #1

Now it will take a long time to scale biofuels, but I’m the only one in the world forecasting oil dropping in price to $35 a barrel by 2030. I’ll put it on the record: Oil will not be able to compete with cellulosic biofuels. If you do it from food, the food will get so expensive you can’t make fuel out of it Picture Quote #1

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The goal of forecasting is not to predict the future but to tell you what you need to know to take meaningful action in the present Picture Quote #1

The trouble with weather forecasting is that it’s right too often for us to ignore it and wrong too often for us to rely on it Picture Quote #1

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Computer modelling for weather forecasting, and indeed for climate forecasting, has reached its limits (Forecasting Quotes) The Federal Reserve is not currently forecasting a recession (Forecasting Quotes) The quest for certainty in forecasting outcomes can be the enemy of progress (Forecasting Quotes) The only function of economic forecasting is to make astrology look respectable (Forecasting Quotes) Commercial institutions, proud of their achievements, do not see that healthy living systems - clean air and water, healthy soil, stable climates - are integral to a functioning economy. As our living systems deteriorate, traditional forecasting and business economics become the equivalent of house rules on a sinking cruise ship. (Forecasting Quotes) Don’t be forecasting evil unless it is what you can guard against. Anxiety is good for nothing if we can’t turn it into a defense. (Forecasting Quotes) If I have noticed anything over these 60 years on Wall Street, it is that people do not succeed in forecasting what`s going to happen to the stock market. (Forecasting Quotes) Economic forecasting has actually got pretty good over the years, though admittedly, we don’t always get it right. (Forecasting Quotes) The reason why China forecasting has such a poor track record is that Westerners constantly invoke the model and experience of the West to explain China, and it is a false prophet. Until we start trying to understand China on its own terms, rather than as a Western-style nation in the making, we will continue to get it wrong. (Forecasting Quotes) It is important for investors to understand what they do and don’t know. Learn to recognize that you cannot possibly know what is going to happen in the future, and any investment plan that is dependent on accurately forecasting where markets will be next year is doomed to failure. (Forecasting Quotes) Now it will take a long time to scale biofuels, but I’m the only one in the world forecasting oil dropping in price to $35 a barrel by 2030. I’ll put it on the record: Oil will not be able to compete with cellulosic biofuels. If you do it from food, the food will get so expensive you can’t make fuel out of it. (Forecasting Quotes) I deal in facts, not forecasting the future. That’s crystal ball stuff. That doesn’t work. (Forecasting Quotes) Part of my advantage is that my strength is economic forecasting, but that only works in free markets, when markets are smarter than people. That’s how I started. I watched the stock market, how equities reacted to change in levels of economic activity, and I could understand how price signals worked and how to forecast them. (Forecasting Quotes) I think the association of economics with forecasting is unfortunate and is down to the fact that one great way to get an investment bank’s name on business television is to hire a guy called a Chief Economist who will go and prognosticate. (Forecasting Quotes) Using a forecasting company is like going to a fortune-teller. If you believe the company and the color does not sell, who do you blame? The forecasters? No, you blame yourself. (Forecasting Quotes) Nate Silver is now forecasting Oscar winners. The only area of life in which he has no expertise, ironically, is life itself. (Forecasting Quotes) Forecasting by bureaucrats tends to be used for anxiety relief rather than for adequate policy making (Forecasting Quotes) If I have noticed anything over these 60 years on Wall Street, it is that people do not succeed in forecasting what’s going to happen to the stock market (Forecasting Quotes) And this is one way to do technology forecasting; get a sense of where technology is, and then anticipate the next upturn (Forecasting Quotes) In complex situations, we may rely too heavily on planning and forecasting and underestimate the importance of random factors in the environment. That reliance can also lead to delusions of control (Forecasting Quotes) I deal in facts, not forecasting the future. That’s crystal ball stuff. That doesn’t work (Forecasting Quotes) Investing is an activity of forecasting the yield over the life of the asset; speculation is the activity of forecasting the psychology of the market (Forecasting Quotes) Don’t be forecasting evil unless it is what you can guard against. Anxiety is good for nothing if we can’t turn it into a defense (Forecasting Quotes) Now it will take a long time to scale biofuels, but I’m the only one in the world forecasting oil dropping in price to $35 a barrel by 2030. I’ll put it on the record: Oil will not be able to compete with cellulosic biofuels. If you do it from food, the food will get so expensive you can’t make fuel out of it (Forecasting Quotes) The goal of forecasting is not to predict the future but to tell you what you need to know to take meaningful action in the present (Forecasting Quotes) The trouble with weather forecasting is that it’s right too often for us to ignore it and wrong too often for us to rely on it (Forecasting Quotes)