The Signal and the Noise: Quotes
Why So Many Predictions Fail—But Some Don't
Book by Nate Silver
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Summary
In The Signal and the Noise, Nate Silver explores the art and science of prediction, explaining what separates good forecasters from bad ones and how we can all improve our understanding of an uncertain world.
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These are the best quotes from The Signal and the Noise by Nate Silver. If you want to read a full summary of this book for free, click here.
Nobody Has A Clue
"Nobody has a clue. It's hugely difficult to forecast the business cycle. Understanding an organism as complex as the economy is very hard." - Jan Hatzius
Section: 1, Chapter: 1
"The Problem Of False Positives"
"But the number of meaningful relationships in the data—those that speak to causality rather than correlation and testify to how the world really works—is orders of magnitude smaller. Nor is it likely to be increasing at nearly so fast a rate as the information itself; there isn't any more truth in the world than there was before the Internet or the printing press. Most of the data is just noise, as most of the universe is filled with empty space."
Section: 1, Chapter: 8
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