A Quote by Steven Levitt

The conventional wisdom is often wrong.

Steven Levitt

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Conventional Conventional Wisdom Often Wisdom Wrong

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Steven Levitt
American - Economist
Born: May 29, 1967

The conventional wisdom is often wrong. Crime didn't keep soaring in the 1990s, money alone doesn't win elections, and - surprise - drinking eight glasses of water a day has never actually been shown to do a thing for your health. Conventional wisdom is often shoddily formed and devilishly difficult to see through, but it can be done.

Malcolm Gladwell

Trading has taught me not to take the conventional wisdom for granted. What money I made in trading is testimony to the fact that the majority is wrong a lot of the time. The vast majority is wrong even more of the time. I've learned that markets, which are often just mad crowds, are often irrational; when emotionally overwrought, they're almost always wrong.

Richard Dennis

Conventional wisdom is no wisdom at all. Conventional wisdom is taking somebody else's word for the way things are It's the followers of this world who rely on assumption. Not the leaders.

Richard Marcinko

Conventional wisdom is invariably out of date. Because in the time it has taken to become conventional - to become what everyone believes - the world has moved on. Conventional wisdom is a remnant of the past.

Michael Crichton

The problem in our society is the ego psychology and conventional wisdom about "look out for #1." That conventional wisdom thinks that "love your enemy" is to some a principle no one can ever live by.

Robert Thurman

Conventional wisdom is so scary because what if everybody's wrong?

Kevin Costner

If you are the kind of person who listens to conservative advice, you may do okay in life, but you probably won't ever be a fantastic leader. You have to take risks, and you also have to go against conventional wisdom, because conventional wisdom doesn't make for startling advances in society.

Ruth Simmons

When you find errors in conventional wisdom-when everyone says A and A is not true-you gain competitive advantage. Only a few times do you have to find errors in conventional wisdom to make a living.

Larry Ellison

Economists often like startling theorems, results which seem to run counter to conventional wisdom.

Joseph Stiglitz

One of the useful things about age is realizing conventional wisdom is often simply inertia with a candy coating of conformity.

Anna Quindlen

Conventional wisdom tells us to avoid taking unalterable action while at a low point in life. I have never been conventional.

Therese Fowler

It is our task, both in science and in society at large, to prove the conventional wisdom wrong and to make our unpredictable dreams come true

Freeman Dyson

Acknowledge the complexity of the world and resist the impression that you easily understand it. People are too quick to accept conventional wisdom, because it sounds basically true and it tends to be reinforced by both their peers and opinion leaders, many of whome have never looked at whether the facts support the received wisdom. It's a basic fact of life that many things "everybody knows" turn out to be wrong.

Jim Rogers

Swim upstream. Go the other way. Ignore the conventional wisdom. If everybody else is doing it one way, there's a good chance you can find your niche by going in exactly the opposite direction. But be prepared for a lot of folks to wave you down and tell you you're headed the wrong way. I guess in all my years, what I heard more often than anything was: a town of less than 50,000 population cannot support a discount store for very long.

Sam Walton

The world is always changed by people who don't listen to conventional wisdom. I think we often set our goals too small and try to accomplish them too quickly.

Rick Warren

Conventional wisdom is not always the best wisdom.

Doug Ducey

A Quote by Steven Levitt

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