Forecasting Quotes - Page 2

• A forecasting game is a kind of simulation, a kind of scenario, a kind of teleconference, a kind of artifact from the future - and more - that enlists the participants as 'first-person forecasters.'

  Howard Rheingold

  Games, Firsts, Kind

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• I'm an economist, I do a lot of forecasting, and I'm probably one of the most successful forecasters in terms of very specific kinds of forecasts.

  Lyndon LaRouche

  Successful, Kind, Term

  Source: larouchepac.com

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• Did they launch the last space shuttle yet?” – Sundown “I don’t follow.” – Ren “I’m just thinking maybe we should evacuate the whole planet. I’ve heard the moon is kind of nice this time of year.” – Sundown “Focus your ADD, Jess.” – Ren “I gotcha, brother. What you’re forecasting is six more plagues coming out of the northwest at maximum velocity with a mild chance of survival. Followed by the world getting swallowed whole in a vat of evil.” – Sundown

  Sherrilyn Kenyon

  Brother, Nice, Moon

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• Anxiety is good for nothing if we can't turn it into a defense.

  Samuel Rush Meyrick

  Anxiety, Defense, Anticipation

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• We are convinced that the intelligent investor can derive satisfactory results from pricing of either type (market timing or fundamental analysis via price). We are equally sure that if he places his emphasis on timing, in the sense of forecasting, he will end up as a speculator and with a speculator's financial results." And "The speculator's primary interest lies in anticipating and profiting from market fluctuations. The investor's primary interest lies in acquiring and holding suitable securities at suitable prices.

  Benjamin Graham

  Lying, Intelligent, Analysis

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• 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.

  Barry Ritholtz

  Years, Important, Next Year

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• Constraint theory asks: What is the price for doing this? Now one way around constraint theory is declaring your enemy crazy. Crazy and stupid are not concepts used in forecasting. When people say they're really stupid or they're crazy, that's laziness. That means I don't want to think through their position or about what they're really going to do.

  George Friedman

  Stupid, Crazy, Mean

  Source: www.businessinsider.com

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• Aside from its importance to many branches of science, a knowledge of the oceans has a practical value for mankind. The intelligent development of our fishing industries, the laying of oceanic cables, the proper construction of harbor-works, oceanic commerce and navigation, as well as long-range weather forecasting, are all dependent on an understanding of the ocean.

  Paul J. H. Schoemaker

  Ocean, Intelligent, Fishing

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• Expert estimates of probability are often off by factors of hundreds or
  thousands. [...] I used to be annoyed when the margin of error was high in
  a forecasting model that I might put together. Now I view it as perhaps the
  single most important piece of information that a forecaster provides. When
  we publish a forecast on FiveThirtyEight, I go to great lengths to document
  the uncertainty attached to it, even if the uncertainty is sufficiently
  large that the forecast won't make for punchy headlines.

  Nate Silver

  Views, Errors, Annoyed

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• 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.

  Vinod Khosla

  Oil, Long, Records

  "On The Record: Vinod Khosla". San Francisco Chronicle Interview, www.sfgate.com. May 11, 2008.

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

  Norman Chad

  Funny, Oscars, Comedy

  Twitter post from Feb 23, 2013

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• I'm concerned with the world economy, I'm a specialist in forecasting in that area, and I have a lot of influence in that area, naturally. How big it is, or how big it is personally, is not relevant. The fact is, I'm on the case, where other people are not, and more and more people realize, again and again, that I'm on the case!

  Lyndon LaRouche

  People, World, Facts

  Source: larouchepac.com

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