A Quote by Nassim Nicholas Taleb

Forecasting by bureaucrats tends to be used for anxiety relief rather than for adequate policy making.

Nassim Nicholas Taleb

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Adequate Anxiety Bureaucrats Forecasting Making Policy Policy Making Rather Relief Tends Than Used

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Nassim Nicholas Taleb
Lebanese - Scientist
Born: 1960

I'm against big bureaucracy in Washington making health care decisions. I just have an aversion to bureaucrats. But it's not just government bureaucrats. I don't like HMO bureaucrats and insurance company bureaucrats either.

Gary Bauer

Under the rule of the "free market" ideology, we have gone through two decades of an energy crisis without an effective energy policy. Because of an easy and thoughtless reliance on imported oil, we have no adequate policy for the conservation of gasoline and other petroleum products. We have no adequate policy for the development or use of other, less harmful forms of energy. We have no adequate system of public transportation.

Wendell Berry

People like comfort; that's natural. But as for making money simply for the sake of making it, and giving yourself far more trouble and anxiety to gain it than you can ever get pleasure from it when it's gained, why, as for me, I'd rather sit still and cross my arms.

Emile Zola

The reason why China forecasting has such a poor track record is that Westerners constantly invoke the model and experience of the West to explain China, and it is a false prophet. Until we start trying to understand China on its own terms, rather than as a Western-style nation in the making, we will continue to get it wrong.

Martin Jacques

Innovation tends to be quite siloed in most organizations. There is usually a group over in one corner charged with innovation rather than making it everyone's responsibility.

Lynne Doughtie

Noise and crowds have a way of siphoning our energy and distracting our attention, making prayer an added chore rather than a comforting relief

Charles R. Swindoll

Success tends to go not to the person who is error-free, because he also tends to be risk-averse. Rather it goes to the person who recognizes that life is pretty much a percentage business. It isn't making mistakes that's critical; it's correcting them and getting on with the principal task.

Donald Rumsfeld

Don't be forecasting evil unless it is what you can guard against. Anxiety is good for nothing if we can't turn it into a defense.

Bruce Lee

Amateur bureaucrats are often even worse than professional bureaucrats.

John McCarthy

In this part of the world, due to our historical experiences with the Soviet Union and later with Russia, we are used to a situation where Moscow tends to put the blame on the people whenever a tragedy occurs, rather than on the authorities.

Andrzej Duda

I think that intelligent forecasting (company revenues, earnings, etc.) should not seek to predict what will in fact happen in the future. Its purpose ought to be to illuminate the road, to point out obstacles and potential pitfalls and so assist management to tailor events and to bend them in a desired direction. Forecasting should be used as a device to put both problems and opportunities into perspective. It is a management tool, but it can never be a substitute for strategy, nor should it ever be used as the primary basis for portfolio investment decisions.

Peter Cundill

We're not very good at forecasting, and we don't know how to measure the impact of economic policy.

Edgar Fiedler

Computer modelling for weather forecasting, and indeed for climate forecasting, has reached its limits.

Piers Corbyn

Fracking is doable if there's full disclosure of all chemicals used. Secondly, science dictates the policy rather than politics. Third, there's collaboration between environmental groups and the natural gas industry.

Bill Richardson

Individuals we consider happy commonly seem complete in the present and we see them constantly in their wholeness: attentive, cheerful, open rather than closed to events, integral in the moment rather than distended across time by regret or anxiety.

Robert Grudin

Bureaucrats behave very differently than a private-sector manager because their motivations are different. Permanent bureaucrats, no matter how senior, worry about their next job.

John Sununu

A Quote by Nassim Nicholas Taleb

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