How thrilling to discover one had depths, how consoling to find them less polluted than the shallows, how encouraging to identify the enemy not as a fissure in the will but as a dead fetus in the specimen jar of the unconscious. My attention was being paternally led away from the excruciating present to the happy, healthy future that would be enabled by an analysis of the sick past, as though the priest had nothing to do but study old books and make bright forecasts, the present not worthy of notice.
We've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.warren buffett
Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life. The calculation of intrinsic value, though, is not so simple. As our definition suggests, intrinsic value is an estimate rather than a precise figure, and it is additionally an estimate that must be changed if interest rates move or forecasts of future cash flows are revised.warren buffett
Climate forecasts (projections) decades into the future have not demonstrated skill in forecasting local, regional, and global climate variables.roger a. pielke
The claim by the IPCC that an imposed climate forcing (such as added atmospheric concentrations of CO2) can work through the parameterizations involved in the atmospheric, land, ocean and continental ice sheet components of the climate model to create skillful global and regional forecasts decades from now is a remarkable statement. That the IPCC states that this is a ‘much more easily solved problem than forecasting weather patterns just weeks from now’ is clearly a ridiculous scientific claim.roger a. pielke