A Quote by David Dreman
History constantly reminds us that in an uncertain world there is no visibility of prospects. Future earnings cannot be predicted with accuracy.
Related Quotes
If we hand over a planet with an uncertain future, history will not forgive us.
The asking and the answering which history provides may help us to understand, even to frame, the logic of experience to which we shall submit. History cannot give us a program for the future, but it can give us a fuller understanding of ourselves, and of our common humanity, so that we can better face the future.
Every true history must force us to remember that the past was once as real as the present and as uncertain as the future.
Let us each of us now embrace with solemn duty, and awesome joy, what is our lasting birthright. With common effort and common purpose, with passion and dedication, let us answer the call of history and carry into an uncertain future that precious light of freedom.
Despite all the doom and gloom that constantly assaults our senses, there is a way for us to ransom our lives and reclaim our futures: it consists in turning away from the world to recognize what in life makes us truly happy. For each of us, what that is will be different. But once we obtain this inner knowledge, we will possess the ability to transform our outer world. "You can live a lifetime and, at the end of it, know more about other people than you know about yourself," the pilot and writer Beryl Markham reminds us. We cannot let this continue to occur.
We are living in a world in which developments are harder to predict and one that has become more uncertain. In such a world, you must be prepared for the unpredictable. Nobody predicted the fall of the Berlin Wall or the Arab Spring.
The future cannot be predicted, but futures can be invented.
American policy seems to be wed to a perpetual state of war. Why? History shows that the world will always be in flux or turmoil, with different peoples competing for visibility and power. The U.S. cannot fix the fate of every nation.
For if we are observed in all matters, we are constantly under threat of correction, judgment, criticism, even plagiarism of our own uniqueness. We become children, fettered under watchful eyes, constantly fearful that-either now or in the uncertain future-patterns we leave behind will be brought back to implicate us, by whatever authority has now become focused upon our once-private and innocent acts. We lose our individuality, because everything we do is observable and recordable.
For Russians in the '90s, there was that sense of not knowing what the future held at all. And coming off a long period of when people actually were robbed of the ability to plan their future - that's very much a part of totalitarian control - that exacerbated it. In this country, we are not coming off a long period like that. But I think that for a lot of Americans, as a result of globalization, as a result of the housing crisis, the future is just too uncertain. And their place in the world is too uncertain.
A pessimist is a person who is always right but doesn't get any enjoyment out of it, while an optimist, is one who imagines that the future is uncertain. It is a duty to be an optimist, because if you imagine that the future is uncertain, then you mu
History reminds us that revolutions are not events, so much that they’re processes – that for tens of thousands of years, people have been making decisions that irrevocably shaped the world that we live in today; just as today, we are making subtle, irrevocable decisions that people of the future will remember as revolutions.
The big picture is: the main thing you should be concerned about in the future are incremental returns on capital going forward. As it turns out, past history of a good return on capital is a good proxy for this but obviously not foolproof. I think this is an area where thoughtful analysis can add value to any simple ranking/screening strategy such as the magic formula. When doing in depth analysis of companies, I care very much about long term earnings power, not necessarily so much about the volatility of that earnings power but about my certainty of "normal" earnings power over time.
The future cannot be predicted, but futures can be invented. It was man's ability to invent which has made human society what it is.
The children of the unemployed achieve less in school and appear to have reduced long-term earnings prospects.
It's nonsensical to derive a price/earnings ratio by dividing the known current price by unknown future earnings.
Related Authors
Irving Kahn Quotes
American
Investor
Ted Leonsis Quotes
American
Investor
Walter Schloss Quotes
American
Investor
Warren Hellman Quotes
American
Investor