Business Quote by Ben Bernanke
“In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement.”
About This Quote
Source Speech: Remarks on Economic Policy, Federal Reserve, 2015
Good decisions require accurate measurement across fields like science, business, education, and policy.
In simple terms: Accurate measurement leads to better decisions.
Key Takeaway
Measure before deciding.
Themes
decisionmaking
measurement
policy
Mood
analytical
thoughtful
Type
advice
informative
When to use this quote
- business planning
- academic research
- government budgeting
- personal finance
Key Concepts
Economics
statistics
evaluation
Questions to Reflect On
- How do you ensure data accuracy?
- What metrics matter most in your field?
A Different Perspective
Measurement can be limited by data quality or bias.
![“Not only was [Edwin Land] one of the great inventors of our time but, more important, he saw the intersection of art and science and business and built an organization to reflect that.” quote by Steve Jobs](https://sms4smile.com/quotes/img-quotes/e16/steve-jobs-307_art_not-only-was-edwin-land-one-of-the-great_2698517.jpg)
![“[S]ometimes, when you are a food person, the possible irrelevance of what you are doing doesn’t cross your mind until it’s too late. (Once, for example, when I was just starting out in the food business, I was hired by the caper people to develop a lot of recipes using capers, and it was weeks of…” quote by Nora Ephron](https://sms4smile.com/quotes/img-quotes/d79/nora-ephron-1217_business_s-ometimes-when-you-are-a-food-person-th_980.jpg)
![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)