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Forecasts Quotes

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Forecasts Quotes

“Winston worked in the RECORDS DEPARTMENT (a single branch of the Ministry of Truth) editing and writing for The Times. He dictated into a machine called a Speakwrite. Winston would receive articles or news-items which for one reason or another it was thought necessary to alter, or, in Newspeak, rectify. If, for example, the Ministry of Plenty forecast a surplus, and in reality the result was grossly less, Winston's job was to change previous versions so the old version would agree with the new one.”

IfsWritingReasonRealityJobsPoliticalResultsRecordsExampleNewsMachinesAgreeVersionsPlentyBranchesDepartmentArticlesMinistryEditingItemsSurplusForecastsRectifyEditing And Writing
Author:George Orwell
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“Meteorologists have the right perspective. They ground themselves in the current conditions (today’s highs/lows). They briefly acknowledge significant events of the past (record temps). And they keep an eye on the future (five-day forecast). Honor your past accomplishments, live in the present moment, and look to the future.”

LooksMomentsEyeTodayPastRecordsFiveConditionsEventsPerspectiveHonorLowsCurrentsSignificantAcknowledgeAccomplishmentPresent MomentOur PastYour PastLive In The PresentForecastsLooking To The FutureSignificant EventsMeteorologists
Author:Clifton Anderson
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“We will continue to ignore political and economic forecasts, which are an expensive distraction for many investors and businessmen. Thirty years ago, no one could have foreseen the huge expansion of the Vietnam War, wage and price controls, two oil shocks, the resignation of a president, the dissolution of the Soviet Union, a one-day drop in the Dow of 508 points, or treasury bill yields fluctuating between 2.8% and 17.4%.”

YearsTwoWarPoliticalPresidentEconomicHugeOne DayYears AgoBillsUnionsInvestmentInvestingOilThirtyExpensiveShockYieldDistractionInvestorsVietnamSovietExpansionBusinessmanSoviet UnionVietnam WarThirty YearsResignationTreasuryDissolutionForecastsForeseenTreasury Bill
Author:Warren Buffett
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“"(Big name research firm) says our market will be $50 billion in 2010." Every entrepreneur has a few slides about how the market potential for his segment is tens of billions. It doesn't matter if the product is bar mitzah planning software or 802.11 chip sets. Venture capitalists don't believe this type of forecast because it's the fifth one of this magnitude that they've heard that day. Entrepreneurs would do themselves a favor by simply removing any reference to market size estimates from consulting firms.”

IfsBelieveMatterBigsNamesBusinessHeardProductsTypeResearchEntrepreneurDon't BelieveSizeFavorsBillionsPlanningBarsFirmSoftwareCapitalistVentureChipsFifthSlidesMagnitudeConsultingForecastsVenture Capitalists
Author:Guy Kawasaki
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“I once read about a meeting of economists who agreed that if their forecasts were 33 1/3 % correct, that was considered a high mark in their profession. Well, of course, I know you cannot invest in securities successfully with odds like that against you if you place dependence solely upon judgement as to the right securities to own and the right time or price to buy them. Then, too, I read somewhere about the man who described an economist as resembling ‘a professor of anatomy who was still a virgin.’”

IfsKnowsMenWellsStillsCoursesSecurityHe ManMarkMeetingsProfessionJudgementProfessorsOddsDependenceVirginsEconomistRight TimeAnatomyForecasts
Author:Gerald M. Loeb
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“This is my long-run forecast in brief: The material conditions of life will continue to get better for most people, in most countries, most of the time, indefinitely. Within a century or two, all nations and most of humanity will be at or above today's Western living standards. I also speculate, however, that many people will continue to think and say that the conditions of life are getting worse.”

PeopleThinkingLongTwoCountryRunningTodayHumanityNationsConditionsCenturyMaterialsStandardsWesternGet BetterLong RunsForecasts
Author:Julian Simon
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“We've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.”

ShouldBelieveLooksChildrenLongValuesFeltTermSafeFortuneInvestingBehavePoisonLockedShort TermCharlieLocked UpForecastsSafe PlacesFortune TellerMarket Timing
Book:Warren Buffett on Business: Principles from the Sage of Omaha
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