31 Quotes by Edgar Fiedler

Ask five economists and you'll get five different answers; six if one went to Harvard.

If you have to forecast, forecast often...

Ask five economists and you’ll get five different answers – six if one went to Harvard...

The herd instinct among forecasters makes sheep look like independent thinkers...

When you know absolutely nothing about the topic, make your forecast by asking a carefully selected probability sample of 300 others who don’t know the answer either.

If you have to forecast, forecast often.

There is no such thing as a riskless hedge against inflation.

The herd instinct among forecasters makes sheep look like independent thinkers.

To qualify as a recession, economic activity must decline in an absolute sense; a mere slowdown in real growth is not enough.