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Experts Quote by John Kenneth Galbraith

“The foresight of financial experts was, as so often, a poor guide to the future.” quote by John Kenneth Galbraith
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“The foresight of financial experts was, as so often, a poor guide to the future.”

John Kenneth Galbraith

About This Quote

Source Book: The Great Crash, 1979

Expert predictions often fail, showing limits of specialized foresight.

In simple terms: Experts often guess wrong.

Key Takeaway

Rely on diverse perspectives.

Themes

economics prediction uncertainty expertise

Mood

cautious analytical

Type

economic advisory

When to use this quote

  • investment decisions
  • policy planning
  • business strategy

Key Concepts

forecasting bias systemic risk

Questions to Reflect On

  • How to evaluate expert advice?
  • What alternatives exist?
A Different Perspective

Experts can be overconfident.

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