Incomplete Information Quotes

• An educated person is one who has learned that information almost always turns out to be at best incomplete and very often false, misleading, fictitious, mendacious - just dead wrong.

  Russell Baker

  Education, Learned Person, Information

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• You have a certain set of facts and you are looking for situations where you have an edge, whether the edge is psychological or statistical.

  David Einhorn

  Facts, Psychological, Certain

  17 Copy quote

• When you do a cartoon based on news headlines, you do it based on incomplete information.

  Ted Rall

  Cartoon, News, Information

  8 Copy quote

• People are saying that they want be convinced [about global warming], perfectly. They want to know the climate science projections with 100 per cent certainty. Well, we know a great deal and even with that there is still uncertainty. But the trend line is very clear. We never have 100 per cent certainty. We never have it. If you wait till you have 100 per cent certainty, something bad is going to happen on the battlefield. That's something we know. You have to act with incomplete information. You have to act based on the trend line.

  Gordon R. Sullivan

  People, Waiting, Environmental

  8 Copy quote

• While in theory randomness is an intrinsic property, in practice, randomness is incomplete information.

  Nassim Nicholas Taleb

  Practice, Information, Theory

  Nassim Nicholas Taleb (2010). “The Black Swan: Second Edition: The Impact of the Highly Improbable Fragility"”, p.198, Random House

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• Each of us has a Soul. But no one has stopped to tell us what the Soul is in the world to do. Or if they have told us, they've given us incomplete information - for example, that our job is to get back to God. That is not our job. We couldn't get back to God if we wanted to, because we never left God.

  Neale Donald Walsch

  Jobs, Soul, World

  "A Revolution Is What's Called For Here" by Neale Donald Walsch, www.marandapleasantmedia.com. April 7, 2013.

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• We also use our imagination and take shortcuts to fill gaps in patterns of nonvisual data. As with visual input, we draw conclusions and make judgments based on uncertain and incomplete information, and we conclude, when we are done analyzing the patterns, that out picture is clear and accurate. But is it?

  Leonard Mlodinow

  Data, Imagination, Patterns

  6 Copy quote

• Investors frequently benefit from making decisions with less than perfect knowledge and are well rewarded for bearing the risk of uncertainty. The time other investors spend delving into the last unanswered detail may cost them the chance to buy into situations at prices so low they offer a margin of safety despite the incomplete information

  Seth Klarman

  Safety, Perfect, Decision

  4 Copy quote