A Quote by Barry Ritholtz

We must recognize our own behavioral errors. To be blunt, you are not likely to become a cognitive Zen master anytime soon. But a little enlightenment could keep you from making some common investing errors.
My first program taught me a lot about the errors that I was going to be making in the future, and also about how to find errors. That's sort of the story of my life, making errors and trying to recover from them. I try to get things correct. I probably obsess about not making too many mistakes.
The most that the Convention could do in such a situation, was to avoid the errors suggested by the past experience of other countries, as well as of our own; and to provide a convenient mode of rectifying their own errors, as future experience may unfold them.
Humans make errors. We make errors of fact and errors of judgment. We have blind spots in our field of vision and gaps in our stream of attention. Sometimes we can't even answer the simplest questions.
The systematic experimental study of reproducible errors of human reasoning, and what these errors reveal about underlying mental processes, is known as the heuristics and biases program in cognitive psychology. This program has made discoveries highly relevant to assessors of global catastrophic risks.
Progress is the exploration of our own error. Evolution is a consolidation of what have always begun as errors. And errors are of two kinds: errors that turn out to be true and errors that turn out to be false (which are most of them). But they both have the same character of being an imaginative speculation. I say all this because I want very much to talk about the human side of discovery and progress, and it seems to me terribly important to say this in an age in which most non-scientists are feeling a kind of loss of nerve.
I not only could not stifle controversy among your readers.. I welcome it. This Administration intends to be candid about its errors; for as a wise man once said: "An error does not become a mistake until you refuse to correct it." We intend to accept full responsibility for our errors; and we expect you to point them out when we miss them.
Sincerity must be bought at a price: the humility to recognize our innumerable errors, and fidelity in tirelessly setting them right.
Of course, errors are not good for a chess game, but errors are unavoidable and in any case, a game without ant errors, or as they say 'flawless game' is colorless.
Learning means making errors. Those who are learning spiritually make errors just the way anyone does when he is growing.
Our sons, who so easily recognize our errors, and rightly denounce them, will have to confess their own, later on, and they may be as bad as ours, perhaps worse.
He (the devil) always sends errors into the world in pairs--pairs of opposites...He relies on your extra dislike of one to draw you gradually into the opposite one. But do not let us be fooled. We have to keep our eyes on the goal and go straight through between both errors. We have no other concern than that with either of them.
Parading our own brilliance and exulting in other people's errors is not very nice. For that matter, even wanting to parade our own brilliance and exult in other people's errors is not very nice, although it is certainly very human.
A Zen master is someone whose life is one with enlightenment and self-discovery. They can never be separated from that. They've been essentially mastered by Zen.
As soon as error is corrected, it is important that the error be forgotten and only the successful attempts be remembered. Errors, mistakes, and humiliations are all necessary steps in the learning process. Once they have served their purpose, they should be forgotten. If we constantly dwell upon the errors, then the error or failure becomes the goal.
The most part of men, though they have the use of reasoning a little way, as in numbering to some degree; yet it serves them to little use in common life; in which they govern themselves, some better, some worse, according to their differences of experience, quickness of memory, and inclinations to several ends; but specially according to good or evil fortune, and the errors of one another.
The Zen master can see precisely what it will take to cause your awareness to become free. But the Zen master can't do it for you.
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