Appropriate Quote by Malcolm Forbes
“Experts kill me. Economic experts, that is. Corporations, foundations, publications and governments pay them by the bucketful, and they fill buckets with forecasts that change more frequently than white-collar, workers do shirts. What Lies Ahead is the usual title. What Lies would often be more appropriate. If women's hemlines changed as rapidly as an economist's forecasts, the fashion people and the textile industry would be more profitable than any other. In fact, if all the country's economists were laid end to end, they still wouldn't reach a conclusion.”
About This Quote
Economic forecasts are unreliable and constantly changing, making them as fickle as fashion trends.
In simple terms: Economic predictions change as often as fashion trends.
Key Takeaway
Treat forecasts with skepticism.
Themes
skepticism
economics
uncertainty
media
Mood
critical
skeptical
Type
cautionary
commentary
When to use this quote
- investment decisions
- policy planning
- media consumption
Key Concepts
forecasting bias
information overload
Questions to Reflect On
- How do you differentiate useful from noisy forecasts?
- What role should experts play despite flaws?
A Different Perspective
Overlooks that some forecasts are useful.
![“I don't think anybody can be a success who doesn't like what they do. [But it's] no job if it has no challenge; there's nothing to it if there are no problems. The essential thing is liking what you're doing.” quote by Malcolm Forbes](https://sms4smile.com/quotes/img-quotes/05c/malcolm-forbes-1510_challenges_i-don-t-think-anybody-can-be-a-success-w_13342.jpg)
![“[T]he appropriate form of address between man and man ought to be, not monsieur, sir, but fellow sufferer, compagnon de miseres.” quote by Arthur Schopenhauer](https://sms4smile.com/quotes/img-quotes/be6/arthur-schopenhauer-226_addresses_t-he-appropriate-form-of-address-between_32897.jpg)
