Famous quote by Edgar R. Fiedler

Mobile Desktop
The herd instinct among forecasters makes sheep look like independent thinkers
Like

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

- Edgar R. Fiedler

About this Quote

This quote by Edgar R. Fiedler is a criticism of the tendency of forecasters to follow the crowd and not believe independently. He is recommending that the herd instinct among forecasters makes them appear like sheep, blindly following the herd without any independent thought. This is a problem since it means that forecasters are not utilizing their own judgement and analysis to make predictions, however rather are counting on the viewpoints of others. This can cause inaccurate forecasts and a lack of creativity in the forecasting procedure. Fiedler's quote is a pointer to forecasters to believe separately and use their own judgement when making forecasts. It is important to think about the viewpoints of others, but ultimately the forecaster needs to be making their own choices based upon their own analysis.

About the Author

Edgar R. Fiedler This quote is written / told by Edgar R. Fiedler between April 21, 1929 and March 15, 2003. He was a famous Economist from USA. The author also have 4 other quotes.

Go to author profile