A Quote by Richard Thaler

Pundits are no better at forecasting election outcomes than they would be at predicting the final path of a hurricane. Smart pundits should consider either abandoning this activity or consulting with the geeks before rendering their guesses.
You should expect little or nothing from Wall Street stock pickers who hope to be more accurate than the market in predicting the future of prices. And you should not expect much from pundits making long-term forecasts.
Pundits talk as if polls are always right, but if they were, pundits wouldn't have jobs.
Pundits will be pundits. We don't think too much of the punditry.
Footballers, managers, pundits and fans make up possibly the biggest tribe of them all, especially in this country. Whatever is said by pundits is echoed across sofas and in pubs all over the nation.
Most pundits regard an election year session as an opportunity for the two parties to frame issues and garner political advantage in advance of the approaching election.
I'm sick of pundits. Don't get me wrong. I love the guests I have on every day. I love their energy and smarts and sass. But I'm sick of pundits because they don't always have their ears to the ground.
In 2002, a lot of the pundits didn't get the off-year elections right. In 2004, a lot of people thought I was going down eight days before the election.
One day I was watching some pundits screaming at each other on a news show. It suddenly reminded me of this painting on my wall, of balloons with goofy faces rising - pundits screaming at each other and arguing off into the ether.
In 1967, London Weekend Television asked me to head up their sports coverage. I got to work with guys like Brian Moore and Dickie Davies. We were the first ones to come up with the idea of the pundits' panel. Although, since I was one of the pundits, it's debatable how good an idea that was.
Investing is an activity of forecasting the yield over the life of the asset; speculation is the activity of forecasting the psychology of the market.
Markets work best when there's lots of information available and a historical track record to go on; they excel at predicting things like horse races, election outcomes, and box-office results. But they're bad at predicting things like who will be the next Supreme Court nominee, as that depends on the whim of the president.
The strategy we've adopted precludes our following standard diversification dogma. Many pundits would therefore say the strategy must be riskier than that employed by more conventional investors. We disagree. We believe that a policy of portfolio concentration may well decrease risk if it raises, as it should, both the intensity with which an investor thinks about a business and the comfort-level he must feel with its economic characteristics before buying into it.
When it comes to Buttigieg, he doesn't want to reveal what his actual policies are, where his stances are - and for some reason, he is better than all these other candidates in the eyes of mainstream media pundits.
Nations that pay for outcomes and health actually spend a lower percentage of GDP, and they have better outcomes. And so the Affordable Care Act is starting to make that migration, but we've got to keep down that path, and we'll improve outcomes and reduce cost.
Before acquiring a project, take the advice of experienced trade pundits in the industry and analyse the risks and business propositions thoroughly.
If pro athletes and entertainers want to freelance as political pundits, then they should not be surprised when they're called out for insulting politicians.
This site uses cookies to ensure you get the best experience. More info...
Got it!