A Quote by Charlie Munger
It's hard to predict what will happen with two brands in a market. Sometimes they will behave in a gentlemanly way, and sometimes they'll pound each other. I know of no way to predict whether they'll compete moderately or to the death. If you could figure it out, you could make a lot of money.
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In the financial markets I find it easy to predict what will happen and very difficult to predict when it will happen. I think that things were clear during the bubble as to what would happen eventually.
Imaginary testing is unreliable, and in many cases, it's a huge waste of time and energy. In truth you just don't know what will happen until you try. You may start a business, and it could take off in ways no one could predict. Or it could be a complete failure. You could ask for a date and end up with the partner of your dreams. Or you could be rejected cold. It's great to visualize what you want, but you never really know what's going to happen until you act.
Things happen in a way that surprises. That's why I'm reluctant to predict. You cannot predict.
Sometimes two people will regard each other over a gulf too wide to ever be bridged, and know immediately what could have happened, and that it never will.
In a rising market, everyone makes money and a value philosophy is unnecessary. But because there is no certain way to predict what the market will do, one must follow a value philosophy at all times.
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.
I don't really try to predict what can and will happen with things. Sometimes you think something's gonna be a huge success, and it isn't. And sometimes you pay no attention to something whatsoever, and God just makes it into everything.
There are some times, when you can predict weather well for the next 15 days. Other times, you can only really forecast a couple of days. Sometimes you can't predict the next two hours.
You can't predict what's gonna happen, you can't predict if people are going to participate, you can't predict if there'll be interference.
I think Iran is the kind of place where it's difficult to predict what's going to trigger structural change. It's hard to also predict the role that civil disobedience or mass protests could play.
Sometimes you wonder, I mean really wonder. I know we make our own reality, and we always have a choice, but how much is preordained? Is there always a fork in the road, and are there two preordained paths that are equally preordained? There could be hundreds of paths where one could go this way or that way -- there's a chance, and it's very strange sometimes.
My son is not a public figure to me, he is my son. I can't predict what's going to be in the headlines. Justin has always been someone who has to do things his way. And I have to be able to believe he will do the right thing and he will come out on top.
Today you will say things you can predict and other things you could never imagine this minute. Don't reject them, let them come through when they're ready, don't think you can plan it al out. This day will never, no matter how long you live, happen again. It is exquisitely singular. It will never again be exactly repeated.
The expectation in the Obama Administration, or at least the hope, is that a nuclear deal with the West could ultimately moderate Iranian behavior by helping to integrate the country more thoroughly into the international system. Will this happen? It's impossible to predict, of course. We will only know if we get there.
I do love that discovery of when you're trying to figure out how to make something work, and it happens in a way that you didn't predict.
You can never predict how market will react. You can model it. You may try to predict it, but weather and markets and risk, only God knows because only he has seen tomorrow.
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