260 Quotes by Nate Silver

The answer as to why bubbles form,” Blodget told me, “is that it’s in everybody’s interest to keep markets going up.

The market can stay irrational longer than you can stay solvent.

When we can’t fit a square peg into a round hole, we’ll usually blame the peg – when.

An economic model conditioned on the notion that nothing major will change is a useless one.

If you hold there is a 100 percent probability that God exists, or a 0 percent probability, then under Bayes’s theorem, no amount of evidence could persuade you otherwise.

First of all, I think it’s odd that people who cover politics wouldn’t have any political views.

When they play against each other, the game usually comes down to who can find his opponent’s blind spots first.

One conceit of economics is that markets as a whole can perform fairly rationally, even if many of the participants within them are irrational. But irrational behavior in the markets may result precisely because individuals are responding rationally according to their incentives.

There was “nothing new under the sun,” as the beautiful Bible verses in Ecclesiastes put it – not so much because everything had been discovered but because everything would be forgotten.