A Quote by Warren Buffett
I have no use whatsoever for projections or forecasts. They create an illusion of apparent precision. The more meticulous they are, the more concerned you should be. We never look at projections, but we care very much about, and look very deeply at, track records. If a company has a lousy track record, but a very bright future, we will miss the opportunity.
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It's interesting to see people's projections because one lives very much in the world of projections.
Look at my track record for showing up to fights. Look at my track record of finishing fights. Look at my track record of getting fight night bonuses. Ask yourself if you think that if the UFC decided to truly put marketing dollars behind me that they couldn't sell me or my fights.
I think if you look back at my projections and my prognostications, they turn out to be very, very accurate.
Projections are put together by people who have an interest in a particular outcome, have a subconscious bias, and its apparent precision makes it fallacious. They remind me of Mark Twain's saying, 'A mine is a hole in the ground owned by a liar.' Projections in America are often a lie, although not an intentional one, but the worst kind because the forecaster often believes them himself.
It's very easy to look for happiness outside ourselves; in a relationship, a dream job, or the perfect body weight. When we chase happiness externally, we're simply looking for God in all the wrong places. The outside search is based on false projections we place on the world. These projections build up a wall against true happiness, which lies within us.
To the contrary, when you look at projections, both Polish and international, we can expect some slowing down of the rate of growth in the coming year, 2012. But of course these are projections.
To look into some aspects of the future, we do not need projections by supercomputers. Much of the next millennium can be seen in how we care for our children today. Tomorrow's world may be influenced by science and technology, but more than anything, it is already taking shape in the bodies and minds of our children.
Our folks have a lot of passion. They're very concerned about the direction of the country and concerned the record debt and deficit and what it means for their kids, concerned about the economy and the fact that we're not getting back on track with the weakest economic recovery since the Great Depression. And at the end of the day, I think that's going to make the difference.
We have built a company with a business mix and operating system that will allow us to deliver record results in any foreseeable economic climate, ... We have just completed a very successful management transition and I've never been more confident about the company's future.
If you look at the history of unexplained phenomena that was first explained by spiritual, mystical forces, the track record is not very good for the mystical, magical explanations to survive against more quote "mundane" physical explanations.
We've demonstrated a strong track record of being very disciplined with the use of our cash. We don't let it burn a hole in our pocket, we don't allow it to motivate us to do stupid acquisitions. And so I think that we'd like to continue to keep our powder dry, because we do feel that there are one or more strategic opportunities in the future.
It does seem that the sea ice is returning to 'average' after the record lows of 2007 and 2008. There has been a definite recovery trend since then, so far from being a progression towards ice free summers it seems that it was a temporary dip. The recent observations do make the 2007 projections that the region would be ice free by 2013 look very unrealistic. Given what is happening only the foolish would look many years into the future and predict ice free summers now.
It's very important to understand that we never do the same thing twice; each of our projects is unique. We'll never do another 'Gates.' Each project is a unique image. We do not know in advance how the work will look. I do preparatory drawings, but they are only projections of our vision.
I think as an athlete, especially in a sport like athletics, we don't wear very much on the track, so you have to look the part.
Somebody who knows what they're doing, who has a good track record, they come across as very articulate, bright and looking for a challenge - that's absolutely my kind of hire.
Like a lot of people, I'm very, very concerned about Senator Clinton's record. I'm very, very concerned about where her positions were in the 1990s, when we had some of the most disgusting legislation in terms of our criminal justice, really, in this country's history.
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