A Quote by Friedrich August von Hayek

It is only because the majority opinion will always be opposed by some that our knowledge and understanding progress. In the process by which opinion is formed, it is very probable that, by the time any view becomes a majority view, it is no longer the best view: somebody will already have advanced beyond the point which the majority have reached. It is because we do not yet know which of the many competing new opinions will prove itself the best that we wait until it has gained sufficient support.

Friedrich August von Hayek

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Advanced Always Any Because Becomes Best Beyond By The Time Competing Formed Gained Itself Know Knowledge Knowledge And Understanding Longer Majority Majority Opinion Many New Only Opinion Opinions Opposed Our Point Probable Process Progress Prove Prove It Reached Some Somebody Sufficient Support Time Understanding Until Very View Wait Which Will

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Friedrich August von Hayek
Austrian - Economist
May 8, 1899 - March 23, 1992

By the time any view becomes a majority view, it is no longer the best view: somebody will already have advanced beyond the point which the majority have reached.

Friedrich August von Hayek

It is only because the majority opinion will always be opposed by some that our knowledge and understanding progress... it is always from a minority acting in ways different from what the majority would prescribe that the majority in the end learns to do better.

Friedrich August von Hayek

The conception that government should be guided by majority opinion makes sense only if that opinion is independent of government. The ideal of democracy rests on the belief that the view which will direct government emerges from an independent and spontaneous process. It requires, therefore, the existence of a large sphere independent of majority control in which the opinions of the individuals are formed.

Friedrich August von Hayek

Truth always rests with the minority, and the minority is always stronger than the majority, because the minority is generally formed by those who really have an opinion, while the strength of a majority is illusory, formed by the gangs who have no opinion - and who, therefore, in the next instant (when it is evident that the minority is the stronger) assume its opinion ... while Truth again reverts to a new minority.

Soren Kierkegaard

And that which yesterday was the novel opinion of one man, to-day becomes the general opinion of the majority.

Leo Tolstoy

My view is that, just as in many businesses, brands really matter. There will always be a role for destination sites. Eighty million users come to our destination. I think that will be the vast majority of our future business.

Meg Whitman

A fatal defect in majority rule is that by its very nature it abolishes itself. Majority rule must inevitably become minority rule: the majority is too big to handle itself; it organizes itself into committees ... which in their turn resolve themselves into a committee of one.

Mary Parker Follett

Every possible opinion is authored about everything. What's going to eventually happen is someone will look back on this period and have to sift through it. The overwhelming majority of those opinions are going to be ignored, because if every opinion is being offered, really no opinion is being offered.

Chuck Klosterman

If you take a position under the Constitution that is against the majority view, you have to explain it well enough that maybe you can persuade some of that majority to agree with you.

Sandra Day O'Connor

The majority is the best way, because it is visible, and has strength to make itself obeyed. Yet it is the opinion of the least able.

Blaise Pascal

[T]he more clamour we make about 'the women's point of view', the more we rub it into people that the women's point of view is different, and frankly I do not think it is -- at least in my job. The line I always want to take is, that there is the 'point of view' of the reasonably enlightened human brain, and that this is the aspect of the matter which I am best fitted to uphold.

Dorothy L. Sayers

...we are all inclined to ... direct our inquiry not by the matter itself, but by the views of our opponents; and, even when interrogating oneself, one pushes the inquiry only to the point at which one can no longer offer any opposition. Hence a good inquirer will be one who is ready in bringing forward the objections proper to the genus, and that he will be when he has gained an understanding of the differences.

Aristotle

One thing I want to emphasize is that, like any human being, we can discuss our view of the economy and the market. Fortunately for our clients, we don't tend to operate based on the view. Our investment strategy is to invest bottom up, one stock at a time, based on price compared to value. And while we may have a macro view that things aren't very good right now - which in fact we feel very strongly we will put money to work regardless of that macro view if we find bargains. So tomorrow, if we found half a dozen bargains, we would invest all our cash.

Seth Klarman

I believe the role that people like myself have played in the transformation of public opinion has been by persistently presenting a different point of view, a point of view which stresses the importance of private markets, of individual freedom, and the distorting effect of governmental policy.

Milton Friedman

It is proof of a base and low mind for one to wish to think with the masses or majority, merely because the majority is the majority. Truth does not change because it is, or is not, believed by a majority of the people.

Giordano Bruno

But every point of view is a point of blindness: it incapacitates us for every other point of view. From a certain point of view, the room in which I write has no door. I turn around. Now I see the door, but the room has no window. I look up. From this point of view, the room has no floor. I look down; it has no ceiling. By avoiding particular points of view we are able to have an intuition of the whole. The ideal for a Christian is to become holy, a word which derives from “whole.

Richard Wurmbrand

A Quote by Friedrich August von Hayek

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