Markets work best when there's lots of information available and a historical track record to go on; they excel at predicting things like horse races, election outcomes, and box-office results. But they're bad at predicting things like who will be the next Supreme Court nominee, as that depends on the whim of the president.
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"Markets work best when there's lots of information available and a historical track record to go on; they excel at predicting things like horse races, election outcomes, and box-office results. But they're bad at predicting things like who will be the next Supreme Court nominee, as that depends on the whim of the president." — James Surowiecki #politicsgovernment #workcareer
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Markets work best when there's lots of information available and a historical track record to…
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Markets work best when there's lots of information available and a historical track record to go on; they excel at predicting things like horse races, election outcomes, and box-office results. But they're bad at predicting things like who will be the next Supreme Court nominee, as that depends on the whim of the president. — James Surowiecki
About James Surowiecki
James Surowiecki was a Journalist from United States (1967–present).
Frequently Asked Questions
Who said "Markets work best when there's lots of information available and a historical t…"?
This quote is attributed to James Surowiecki, a Journalist from United States.
When did James Surowiecki live?
James Surowiecki lived from 1967 – present.
What is this quote about?
This quote touches on Politics & Government, Work & Career. Browse more quotes on these themes from the categories page.