Being wrong Quote by William Browne
“Investing is not a natural science but rather a social science. So, it's never purely empirical; what you are trying to do is everything you possibly can to enhance your probabilities of being right more often than being wrong.”
About This Quote
Source Interview: Financial podcast, 2020
Investing blends social dynamics with probability, not pure science.
In simple terms: Investing is a social science, not pure science.
Focus on probabilistic thinking, not certainty.
Themes
Mood
Type
When to use this quote
- portfolio building
- market analysis
- decision making
Key Concepts
Questions to Reflect On
- What social factors influence your decisions?
- How do you balance data with intuition?
Markets are unpredictable; overreliance on data can mislead.