Edgar Fiedler Quotes

Ask five economists and you'll get five different answers - six if one went to Harvard.

If you have to forecast, forecast often.

The herd instinct among forecasters makes sheep look like independent thinkers.

For economist the real world is often a special case.

When you know absolutely nothing about the topic, make your forecast by asking a carefully selected probability sample of 300 others who don't know the answer either.

Economists state their GNP growth projections to the nearest tenth of a percentage point to prove they have a sense of humor.

Forecasters tend to learn less and less about more and more, until in the end they know nothing about everything.