A Quote by Edgar Fiedler
No one can escape the iron rule that once you make a forecast, you know you're going to be wrong; you just don't know when and in which direction!
Related Quotes
I'm an unbelievable designer. I don't know how I know and just do these things. I just start sketching and then I just know the colors and I always know the forecast. I know green and purple are going to be hot. I was born to be a designer. I worked hard to be a tennis player, I don't work hard to be a designer.
The policy that can strike only while the iron is hot will be overcome by that perseverance, which ... can make that iron hot by striking and he that can only rule the storm must yield to him who can both raise and rule it.
If somebody is going in the wrong direction, behavioral coaching just helps them get there faster. It doesn't turn the wrong direction into the right direction.
The most important rule is to play great defense, not great offense. Everyday I assume every position I have is wrong. I know where my stop risk points are going to be. I do that so I can define my maximum drawdown. Hopefully, I spend the rest of the day enjoying positions that are going in my direction. If they are going against me, then I have a game plan for getting out.
Until I understand where I am, I can’t get to where I am going. This is the value of a compass when we are out walking or hiking and need to know we’re going in the right direction. But we also have an internal North Star. It’s that little nudge that tells us if we are on the right path to fulfilling our potential, or on the wrong path wasting energy traveling somewhere we don’t need to go. So my advice to you is, pull out that compass every once in a while and make sure you are navigating in the right direction on your journey.
Have you ever been going somewhere with a crowd and you're certain it's the wrong road and you tell them, but they won't listen, so you just have to plod along in what you know is the wrong direction till somebody more important gets the same idea?
I know it's wrong - God, it's all kinds of wrong - but I just want to lie down with you and wake up with you, just once, just once ever in my life.
Absolutely. I - you know, he was so that much a part of my life that, you know, Elvis, you know, once - once you bonded with him, I mean, there was no - there was no going back. He was just a great guy.
I hate that rule that says write about what you know, it leads to too many British novels about marriages going slightly wrong. Write about what you don't know, just act as though you do.
There comes a time or a moment when you know in which direction you're going to go. I know it happened to me when I was quite young.
When you know absolutely nothing about the topic, make your forecast by asking a carefully selected probability sample of 300 others who don't know the answer either.
The moment where you know the thing you want is ridiculous and pompous and a terrible thing to want anyway. The direction in which you're headed is not the direction you want to go, yet you're going to head that way a while longer cause that's just the kind of person you are.
By the time I make my way to the border of Mauritania, to the edge of the Sahara, I see no end to being lost. You can spend your entire life simply falling in that direction. It isn't a station you reach but just the general state of going down. Once you make it back, if you make it back, you will stand before your long-lost friends but in some essential way they will no longer know you.
Children know you ought to be fair. Especially fifth graders. I love fifth graders. They know that bullying is wrong. They know that you should praise one another, and that differences make a strong community. So sometimes I feel as though I can't wait for the fifth graders to grow up and rule the world.
A lot of times, people need to vent to people and know that what they're telling you is not going to be shared with anyone else. Or they know you're going to give them 'the real.' Just being truthful to them when they're right, they're right, and when they're wrong, they're wrong.
Sometimes it's easier to make decisions when you know that you've tried things that are so wrong, you know, "OK, I don't go that way with it. I don't go this way with it." The way I work, I kind of have to go down all those wrong paths to know that the one I'm doing really is the one that is going to work.
Related Authors
Adam Smith Quotes
Scottish
Economist
Alan Greenspan Quotes
American
Economist
Benjamin Graham Quotes
American
Economist
Friedrich August von Hayek Quotes
Austrian
Economist
John Kenneth Galbraith Quotes
American
Economist
John Maynard Keynes Quotes
English
Economist
Joseph Stiglitz Quotes
American
Economist
Ludwig von Mises Quotes
Austrian
Economist
Milton Friedman Quotes
American
Economist
Muhammad Yunus Quotes
Bangladeshi
Economist
Murray Rothbard Quotes
American
Economist
Paul Krugman Quotes
American
Economist
Richard Thaler Quotes
American
Economist
Robert Reich Quotes
American
Economist
Thomas Sowell Quotes
American
Economist
Walter E. Williams Quotes
American
Economist