Being Wrong Quotes - Page 3

• Sometimes buying early on the way down looks like being wrong, but it isn't.

  Seth Klarman

  Looks, Investing, Way

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• A loss never bothers me after I take it. I forget it overnight. But being wrong - not taking the loss - that is what does damage to the pocketbook and to the soul.

  Jesse Lauriston Livermore

  Cutting, Loss, Soul

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• Pedantry prides herself on being wrong by rules; while common sense is contented to be right without them.

  Charles Caleb Colton

  Pride, Common Sense, Prudence

  Charles Caleb Colton (1824). “Lacon, Or, Many Things in a Few Words: Addressed to Those who Think”, p.35

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• When there are no consequences, being wrong is simply a diversion.

  Ian Mcewan

  Diversion, Consequence

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• It is not so much that I have confidence in scientists being right, but that I have so much in nonscientists being wrong.

  Isaac Asimov

  Science, Scientist, Have Confidence

  "Quasar, Quasar, Burning Bright". Book by Isaac Asimov, p. 235, 1978.

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• Today, not starting is far, far worse than being wrong. If you start, you've got a shot at evolving and adjusting to turn your wrong into a right. But if you don't start, you never get a chance.

  Seth Godin

  Adjusting, Today, Chance

  Seth Godin (2015). “Poke The Box: When Was the Last Time You Did Something for the First Time?”, p.41, Penguin

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• It taught me, at an early age, that being wrong can be dangerous, but being right, when society regards the majority’s falsehood as truth, could be fatal.

  Thomas Szasz

  Age, Majority, Taught

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• In their zeal for particular kinds of decisions to be made, those with the vision of the anointed seldom consider the nature of the: process: by which decisions are made. Often what they propose amounts to third-party decision making by people who pay no cost for being wrong-surely one of the least promising ways of reaching decisions satisfactory to those who must live with the consequences.

  Thomas Sowell

  Party, People, Decision

  Thomas Sowell (1995). “The Vision of the Anointed: Self-congratulation as a Basis for Social Policy”, p.129, Basic Books

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• Good science is done by being curious in general, by asking questions all around, by acknowledging the likelihood of being wrong and taking this in good humor for granted, by having a deep fondness for nature, and by being made jumpy and nervous by ignorance.

  Lewis Thomas

  Motivational, Ignorance, Asking Questions

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• After all we speak of people 'taking refuge' in vagueness -the more precise you are, in general the more likely you are to be wrong, whereas you stand a good chance of not being wrong if you make it vague enough.

  J. L. Austin

  People, Vagueness, Chance

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• Michael Marcus taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is nothing wrong with it. Michael taught me about making your best judgment, being wrong, making your next best judgment, being wrong, making your third best judgment, and then doubling your money.

  Bruce Kovner

  Mistake, Next, Taught

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• A sports expert is the guy who writes the best alibis for being wrong

  Jimmy Cannon

  Sports, Writing, Guy

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• Investing is not a natural science but rather a social science. So, it's never purely empirical; what you are trying to do is everything you possibly can to enhance your probabilities of being right more often than being wrong.

  William Browne

  Trying, Investing, Natural

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• Liberals are constantly wrong. In fact, that's how you rise to the top in liberalism, by being wrong. If you are wrong, and if you are consistently wrong, it's even better. You're really one of them if you're really wrong all the time. Look at Jimmy Carter.

  Rush Limbaugh

  Looks, Facts, Carter

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• You will get something wrong today, and tomorrow, and every day of your life. So will I, and everybody you know. You don’t have a choice about being wrong sometimes: mistakes will be your life-long companion. But you do have a choice about whether to approach your error in terror so you suppress, ignore and repeat it — or to make it your honest, open ally in trying to get to the truth.

  Johann Hari

  Mistake, Errors, Long

  "When Were You Last Wrong? We Need to Change How We Think About Our Errors" by Johann Hari, www.huffingtonpost.com. August 13, 2010.

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• Now, I don't mean to say that being wrong is the same thing as being creative. What we do know is, if you're not prepared to be wrong, you'll never come up with anything original. If you're not prepared to be wrong. And by the time they get to be adults, most kids have lost that capacity. They have become frightened of being wrong. And we run our companies like this, by the way, we stigmatize mistakes. And we're now running national education systems where mistakes are the worst thing you can make.

  Ken Robinson

  Running, Business, Mistake

  "How Do Schools Kill Creativity?". "TED Radio Hour" with Guy Raz, www.npr.org. October 03, 2014.

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• Persistence and determination are incredibly important. But sometimes you need to analyze the situation and understand when you're wrong. You need to be able to cop to being wrong, learn to change, and continue to grow as a human being.

  Sasha Grey

  Determination, Persistence, Important

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• Not only does "orthodox" no longer mean being right, it practically means being wrong.

  Gilbert K. Chesterton

  Mean, Doe, Orthodox

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• Before you invest, you must ensure that you have realistically assessed your probability of being right and how you will react to the consequences of being wrong.

  Benjamin Graham

  Investing, Probability, Consequence

  Benjamin Graham (1965). “The Intelligent Investor: A Book of Practical Counsel”, p.209, Prabhat Prakashan

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• The audience will always forgive you for being wrong and exciting, but never for being right and dull.

  Burt Reynolds

  Forgiving, Dull, Exciting

  "Biography / Personal Quotes". www.imdb.com.

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• One problem of the String Theory is that it's kind of a theory which can explain what the problems are, but the problems are such that you can't even pin it down and say this is exactly what it predicts, so lets go out and test it. So, it's not even capable of being wrong, or being falsified, or being showed to be wrong.

  Peter Woit

  Letting Go, Kind, Problem

  Source: bigthink.com

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• No matter how careful you are, the one risk no investor can ever eliminate is the risk of being wrong. Only by insisting on what Graham called the "margin of safety" - never overpaying, no matter how exciting an investment seems to be - can you minimize your odds of error.

  Benjamin Graham

  Errors, Odds, Safety

  Benjamin Graham (2009). “The Intelligent Investor, Rev. Ed”, p.13, Harper Collins

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• We want, and must have, a national policy, as to slavery, which deals with it as being wrong.

  Abraham Lincoln

  Slavery, Want, Deals

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• It is so easy to be wrong-and to persist in being wrong-when the costs of being wrong are paid by others.

  Thomas Sowell

  Cost, Easy, Persist

  Thomas Sowell (1995). “The Vision of the Anointed: Self-congratulation as a Basis for Social Policy”, p.136, Basic Books

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• Value investing is predicated on the efficient market hypothesis being wrong.

  Seth Klarman

  Investing, Hypothesis, Efficient

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