I stopped predicting the future a long time ago.
These results add up to perhaps the most important investment lesson of all that can be drawn from this week's market anniversaries: Predicting turns in the market is incredibly difficult to do consistently well. That means that, if your investment strategy going forward is dependent on your anticipating major market turning points, your chances of success are extremely low.
Memorizing, guessing, looking at pictures, predicting, substituting, and skipping, are not reading; they are very bad habits.
I regret very much to hear so many people, many of my own countrymen, predicting war, stating that Europe is preparing and arming for such a conflict.
Then to the victor go the spoils. You rise up by lifting, you know, each other up. You win. And so isn't this the time to be magnanimous like Donald Trump is and not to be, you know, predicting or projecting on to the press how they must cover him. They're going to cover him how they see fit.
No one is predicting that the Democrats will get the 30 pickups they need to take back the House majority.
[Donald] Trump has said he will accept the results of the election - if he wins. And he has said the only way he can lose the election is if it's stolen from him. Weeks before any votes were cast, he was predicting widespread voter fraud. So if he loses, what does he do?
Common stock investors can make money by predicting the outcomes of practice evolution. You can't derive this by fundamental analysis - you must think biologically.
In psychology, there's something called the broken-leg problem. A statistical formula may be highly successful in predicting whether or not a person will go to a movie in the next week. But someone who knows that this person is laid up with a broken leg will beat the formula. No formula can take into account the infinite range of such exceptional events.
People have been predicting the death of television for 20 years now, and so far it's been entirely wrong. But it does seem viewership habits are starting to change.
Several renowned scientists have been predicting for some time that the world could enter a period of cooling right around now, with consequences that could be dire.
Sometimes you have intuitive insight about how you think things are going to be, and you write that. Other times you fantasize completely, which has nothing to do with predicting the future.
There is no effective difference between guessing a variable that is not random, but for which information is partial or deficient, and a random one. In this sense, guessing (what I don't know, but what someone else may know) and predicting (what has not taken place yet) are the same thing.
A propagandized population has a hard time choosing worthy heroes. It is high time Americans celebrate the Anti-Federalists, for they were correct in predicting the fate of freedom after Philadelphia.
Kim Kardashian tweeted that she is supporting President Obama in the midterm elections. I think it worked because all of the polls are predicting that after tonight Barack Obama will still be president of the United States.
I am not in the business of predicting general stock market of business fluctuations. If you think I can do this, or think it is essential to an investment program, you should not be in the partnership.
You could almost say that throughout human history there are people who can either foresee consequences or who are capable of looking for information and predicting the consequences will happen, but the vast majority of people won't respond to climate change until their city is underwater, food supply is disrupted or everyone around them is dying of zoonotic disease. It's almost like someone dealing with an addiction, like you hope that the person can overcome the addiction before the addiction kills them.
The greatest economic minds of the 19th century, all of them without exception, considered economic growth as a temporary necessity. When all human needs are satisfied, then we will have a stable economy, reproducing every year the same things. We will stop straining ourselves worrying about development or growth. How naïve they were! One more reason to be reluctant about predicting the future. No doubt they were wiser than me, but even they made such a mistake!
The only basis for even talking about global warming is the predictions spewed out by computer models. The only quote/unquote "evidence" of global warming is what models are predicting the climate and the weather will be in the next 50 to 100 years. Now, what those models spit out is only as good as the data that's put in, and it's an absolute joke. In terms of science, it's a total joke. There is no warming, global or otherwise!
They're not predicting global warming based on what's happened in the past; they're basing it on what their computer predictions say, and nothing more.
Even though all that CO2 has been spewed and belched into the atmosphere, there isn't any warming. Therefore, the person, people, whatever, predicting global warming for any reason have been wrong for 20 consecutive years. Every year for 20 years the supporters of this theory have been wrong, as wrong as it's possible to be. That means that the person predicting global warming is not credible and does not deserve to be listened to.
The track record of economists in predicting events is monstrously bad. It is beyond simplification; it is like medieval medicine.
My mother is not a model. She is not perfect. That awareness is part of learning to love someone. Predicting the actions of someone is an act of love. We persist, even when we get it wrong. That's the beauty of love.
Science is a little bit more than a wonderful way of modelling and predicting; its a wonderful technical abstraction. I think science is a really wonderful technical abstraction.
Nothing will ever replace the experience of wandering haphazardly through a great bookstore, no matter how many algorithms are developed to find matches for our tastes. That's because not only is there no accounting for taste, there is no predicting it either.
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