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Edgar Fiedler Quotes: 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.
         

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.


Edgar Fiedler
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Other quotes of Edgar Fiedler


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

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



If you have to forecast, forecast often.

If you have to forecast, forecast often.



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

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



For economist the real world is often a special case.

For economist the real world is often a special case.



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

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.

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





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We must be constantly aware that Satan can take any human effort and twist it to serve his own purposes.

We must be constantly aware that Satan can take any human effort and twist it to serve his own purposes.



Those who get in the way of love's path will be kicked by horses.~Kyoya

Those who get in the way of love's path will be kicked by horses.~Kyoya



You got men who can't hold peace and women who can't control their tongues. The rich seduce the poor, and the old seduce the young.

You got men who can't hold peace and women who can't control their tongues. The rich seduce the poor, and the old seduce the young.



If your work is so smart that only smart people get it, it's not that smart.

If your work is so smart that only smart people get it, it's not that smart.



I turned down a date once because I was looking for someone a little closer to the top of the food chain.

I turned down a date once because I was looking for someone a little closer to the top of the food chain.



Whenever I get a free day, I drive up to some part of California that looks promising on the map.

Whenever I get a free day, I drive up to some part of California that looks promising on the map.



Remain quiet. Don't feel you have to talk all the time. Go within and you will see the Loveliness behind all beauty.

Remain quiet. Don't feel you have to talk all the time. Go within and you will see the Loveliness behind all beauty.



I believe that the only people who really, truly benefit from any of the policies of Republicans are the wealthy. I'm in that 1 percent tax bracket, but I'm not a man of wealth.

I believe that the only people who really, truly benefit from any of the policies of Republicans are the wealthy. I'm in that 1 percent tax bracket, but I'm not a man of wealth.



The critic has to educate the public; the artist has to educate the critic.

The critic has to educate the public; the artist has to educate the critic.



I didn't come to Hollywood to drink or get high, and I don't want to be considered a cool actor - I want to be a great actor.

I didn't come to Hollywood to drink or get high, and I don't want to be considered a cool actor - I want to be a great actor.




Quote Description


This page presents the quote "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.". Author of this quote is Edgar Fiedler. This quote is about selected, answers, asking, probability, sample, topics, absolutely nothing,.