Assuming Quote by John Maynard Keynes
“The considerations upon which expectations of prospective yields are based are partly existing facts which we can assume to be known more or less for certain, and partly future events which can only be forecasted with more or less confidence.”
About This Quote
Source Book: The General Theory of Employment, Interest and Money, 1936
Expectations blend known facts with uncertain forecasts; both shape predictions about future yields.
In simple terms: Predictions mix facts and guesses.
Key Takeaway
Balance data with uncertainty.
Themes
economics
forecasting
uncertainty
Mood
analytical
cautious
Type
economic
philosophical
When to use this quote
- investment planning
- policy making
- business strategy
Key Concepts
probability
risk assessment
Questions to Reflect On
- How do you weigh known facts against speculative events?
- What methods improve forecast confidence?
A Different Perspective
Forecasts can be wrong despite solid data.
