Quote by Peter L. Bernstein

“The information you have is not the information you want. The information you want is not the information you need. The information you need is not the information you can obtain. The information you can obtain costs more than you want to pay” quote by Peter L. Bernstein — Download Open image

““The information you have is not the information you want. The information you want is not the information you need. The information you need is not the information you can obtain. The information you can obtain costs more than you want to pay””

Peter L. Bernstein

★ ★ ★ ★ ★ 4.3 out of 5 (9 ratings)

More by Peter L. Bernstein

Gambling has held human beings in thrall for millennia. It has been engaged in everywhere, from the dregs of society to the most respectable…

Peter L. Bernstein

Image

“Time matters most when decisions are irreversible. And yet many irreversible decisions must be made on the basis of incomplete information.”

Peter L. Bernstein

Image

“[The] utility resulting from any small increase in wealth will be inversely proportionate to the quantity of goods previously possessed.”

Peter L. Bernstein

Image

The word 'risk' derives from the early Italian risicare, which means 'to dare'. In this sense, risk is a choice rather than a fate.…

Peter L. Bernstein

Image

“Time matters most when decisions are irreversible.”

Peter L. Bernstein

Image

The essence of risk management lies in maximizing the areas where we have some control over the outcome while minimizing the areas where we…

Peter L. Bernstein

Image

“But therein lies the logician's trap: past data from real life constitute a sequence of events rather than a set of independent observations, which…

Peter L. Bernstein

Image

“So we pour in data from the past to fuel the decision-making mechanisms created by our models, be they linear or nonlinear. But therein…

Peter L. Bernstein

Image

“Our lives teem with numbers, but we sometimes forget that numberss are only tools. They have no soul; they may indeed become fetishes.”

Peter L. Bernstein

Image

The revolutionary idea that defines the boundary between modern times and the past is the mastery of risk: the notion that the future is…

Peter L. Bernstein

Image

“His local campaigns around Macedonia also augmented that absolutely essential economic resource: slaves-slaves to work the mines, slaves to work the fields, slaves to…

Peter L. Bernstein