A Quote by Charlie Munger
The game of investing is one of making better predictions about the future than other people. How are you going to do that? One way is to limit your tries to areas of competence. If you try to predict the future of everything, you attempt too much.
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You don't need to predict the future. Just choose a future -- a good future, a useful future -- and make the kind of prediction that will alter human emotions and reactions in such a way that the future you predicted will be brought about. Better to make a good future than predict a bad one.
People ask me to predict the future, when all I want to do is prevent it. Better yet, build it. Predicting the future is much too easy, anyway. You look at the people around you, the street you stand on, the visible air you breathe, and predict more of the same. To hell with more. I want better.
The unsupervised learning is the way most people will learn in the future. You have this model of how the world works in your head and you're refining it to predict what you think is going to happen in the future.
People often say that it is easier to predict the way things are going to be 10 to 20 years in the future than to predict how it is going to be 3 years from now.
Science fiction seldom attempts to predict the future. More often than not, it tries to prevent the future.
Trying to predict the future is a discouraging and hazardous occupation. If by some miracle a prophet could describe the future exactly as it was going to take place, his predictions would sound so absurd that people everyone would laugh him to scorn. The only thing we can be sure of about the future is that it will be absolutely fantastic. So, if what I say now seems to you to be very reasonable, then I will have failed completely. Only if what I tell you appears absolutely unbelievable have we any chance of visualizing the future as it really will happen.
We spend our whole lives worrying about the future, planning for the future, trying to predict the future, as if figuring it out will cushion the blow. But the future is always changing. The future is the home of our deepest fears and wildest hopes. But one thing is certain when it finally reveals itself. The future is never the way we imagined it.
Going around not fully believing that you're going to die is really problematic because it affects how you think about the future of the planet, about the future of your own life, about the decisions you're making.
Investing is about predicting the future, and the future is inherently unpredictable. Therefore, the only way you can do better is to assess all the facts and truly know what you know and know what you don't know. That's your probability edge.
The more you observe life in relation to yourself the more you will see the fact that you are hardly ever correct when you think about something in the future. The future exists only in imagination; and that is why, no matter how hard you try to imagine it, you will not be able to predict the future with total certainty.
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.
I can't predict the future. All I can do is continue to try to stay in shape and work on my game and have a clear mind and not try to think about negative stuff.
There's no pressure; like Kate said, it is about carving your own future. No one is going to try to fill my mother's shoes; what she did was fantastic. It's about making your own future and your own destiny, and Kate will do a very good job of that.
Big data is mostly about taking numbers and using those numbers to make predictions about the future. The bigger the data set you have, the more accurate the predictions about the future will be.
I'm talking about when you're nearer the end of your life than the beginning. Now what do you think you think about then? The future? In the future I'm going to do this? Become that? What future? No. What you think is, 'How will I be regarded in the end?'
Success is better than failure; an attempt is a better attempt, it is better as an attempt, if competent than if incompetent; and it is better to succeed through competence - aptly - than through sheer luck.
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