"An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today"
- Laurence J. Peter
About this Quote
This quote by Laurence J. Peter is an amusing way of mentioning the problem of forecasting the future. It indicates that economists are specialists in their field, but that their predictions are not constantly accurate. This is due to the fact that the future is unpredictable and can be affected by a range of aspects. The quote also implies that financial experts have the ability to explain why their predictions did not come true, despite the fact that they were made in the past. This recommends that financial experts are able to evaluate the data and reason from it, even if their predictions do not come to life. Ultimately, this quote is a suggestion that anticipating the future is tough which economists ought to not be held responsible for their forecasts.
This quote is written / told by Laurence J. Peter between September 16, 1919 and January 12, 1990. He/she was a famous Writer from Canada, the quote is categorized under the topic Business. The author also have 39 other quotes.
"Tomorrow is the most important thing in life. Comes into us at midnight very clean. It's perfect when it arrives and it puts itself in our hands. It hopes we've learned something from yesterday"
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