A Quote by Warren Buffett

Well, it may be all right in practice, but it will never work in theory — © Warren Buffett
Well, it may be all right in practice, but it will never work in theory
There is a distinction, but no opposition, between theory and practice. Each to a certain extent supposes the other. Theory is dependent on practice; practice must have preceded theory.
Theory without practice is of little value, whereas practice is the proof of theory.Theory is the knowledge, practice the ability.
The standard theory may survive as a part of the ultimate theory, or it may turn out to be fundamentally wrong. In either case, it will have been an important way-station, and the next theory will have to be better.
A thing may look specious in theory, and yet be ruinous in practice; a thing may look evil in theory, and yet be in practice excellent.
That's all well and good in practice, but how does it work in theory?
In theory, practice should work like theory. In practice, it doesn't.
I believe without exception that theory follows practice. Whenever there is a conflict between theory and practice, theory is wrong. As far as I'm concerned, we make theories for what people have done.
We may as well cut out group theory. That is a subject that will never be of any use in physics.
According to Krishnamacharya , practice and knowledge must always go together. He used to say, practice without right knowledge of theory is blind. This is also because without right knowledge, one can mindfully do a wrong practice.
Here I find a puzzle of great beauty: Canada works well in practice, but just doesn't work out in theory.
We see many persons talking the most wonderfully fine things about charity and about equality and the rights of other people and all that, but it is only in theory. I was so fortunate as to find one who was able to carry theory into practice. He had the most wonderful faculty of carrying everything into practice which he thought was right.
Critical reflection on practice is a requirement of the relationship between theory and practice. Otherwise theory becomes simply "blah, blah, blah, " and practice, pure activism.
Those who are in love with practice without knowledge are like the sailor who gets into a ship without rudder or compass and who never can be certain whether he is going. Practice must always be founded on sound theory, and to this Perspective is the guide and the gateway; and without this nothing can be done well in the matter of drawing.
..if the beginning of the thought or theory is not rooted in reality, the end or the final results of such a thought or theory could well be disastrous in practice.
He who loves practice without theory is like the sailor who boards ship without a rudder and compass and never knows where he may cast.
Lucky accidents seldom happen to writers who don't work. You will find that you may rewrite and rewrite a poem and it never seems quite right. Then a much better poem may come rather fast and you wonder why you bothered with all that work on the earlier poem. Actually, the hard work you do on one poem is put in on all poems. The hard work on the first poem is responsible for the sudden ease of the second. If you just sit around waiting for the easy ones, nothing will come. Get to work.
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