Facts Quote by Malcolm Forbes

Projections are just bullshit. They're just guesses.

— Jason Fried

Projections are put together by people who have an interest in a particular outcome, have a subconscious bias, and its apparent precision makes it…

— Charlie Munger

Of one thing be certain: if a CEO is enthused about a particularly foolish acquisition, both his internal staff and his outside advisors will…

— Warren Buffett

I'm saying that when a publicly traded company says something doesn't make a difference in terms of their investments, I trust that they are…

— Brian Schatz

These days, even out of office, I still read economic reports.

— Alan Greenspan

History constantly reminds us that in an uncertain world there is no visibility of prospects. Future earnings cannot be predicted with accuracy.

— David Dreman

I have no use whatsoever for projections or forecasts. They create an illusion of apparent precision. The more meticulous they are, the more concerned…

— Warren Buffett

“I read a lot of history, biographies, science, and novels,' he says, ushering a reporter out the door with a hint of relief. 'I…

— Peter Drucker

“The pursuit of truth, not of facts, is the business of fiction.”

— Oakley Hall

The vast majority of fiction is written to markets and to this damnable business we have nowadays of categorizing everything.

— Theodore Sturgeon

The investors who generate big returns over five years, the guys they write books about, are supposed to keep winning, right? Well, they don't.

— Eugene Fama

Venture-capital firms invest in trends by projecting returns. But most projections are pretty much bogus, and research shows that experts are no better at…

— Vinod Khosla