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" The key to making a good forecast is not in limiting yourself to quantitative information. "
Nate Silver
Making
Yourself
Key
Related Quotes:
" If you're keeping yourself in the bubble and only looking at your own data or only watching the TV that fits your agenda then it gets boring. "
Nate Silver
Yourself
Boring
Data
" Actually, one of the better indicators historically of how well the stock market will do is just a Gallup poll, when you ask Americans if you think it's a good time to invest in stocks, except it goes the opposite direction of what you would expect. When the markets going up, it in fact makes it more prone toward decline. "
Nate Silver
Better
Good
Direction
" We must become more comfortable with probability and uncertainty. "
Nate Silver
Become
More
Uncertainty
" I think there's space in the market for a half-dozen kind of polling analysts. "
Nate Silver
Think
Market
Space
" We want to get 80%-85% of predictions right, not 100%. Or else we calibrated our estimates in the wrong way. "
Nate Silver
Right
Way
Want
" The public is even more pessimistic about the economy than even the most bearish economists are. "
Nate Silver
Economists
More
Most
" Basically, books were a luxury item before the printing press. "
Nate Silver
Books
Before
Luxury
" I'm not trying to do anything too tricky. "
Nate Silver
Anything
Trying
Tricky
" Distinguishing the signal from the noise requires both scientific knowledge and self-knowledge. "
Nate Silver
Noise
Both
Knowledge
" I don't think that somebody who is observing or predicting behavior should also be participating in the 'experiment.' "
Nate Silver
Experiment
Think
Behavior
" I was looking for something like baseball, where there's a lot of data and the competition was pretty low. That's when I discovered politics. "
Nate Silver
Competition
Looking
Politics
" If there's a major foreign policy event, the President gets on TV, the Congress doesn't. "
Nate Silver
Policy
Foreign Policy
Event
" In politics people build whole reputations off of getting one thing right. "
Nate Silver
Politics
Right
Build
" If you aren't taking a representative sample, you won't get a representative snapshot. "
Nate Silver
Representative
You
Get
" A lot of news is just entertainment masquerading as news. "
Nate Silver
Entertainment
Just
News
" The thing that people associate with expertise, authoritativeness, kind of with a capital 'A,' don't correlate very well with who's actually good at making predictions. "
Nate Silver
Expertise
Good
Kind
" Well, you know, you're not going to have 86 percent of Congress voted out of office. "
Nate Silver
Well
You
Know
" Every day, three times per second, we produce the equivalent of the amount of data that the Library of Congress has in its entire print collection, right? But most of it is like cat videos on YouTube or 13-year-olds exchanging text messages about the next Twilight movie. "
Nate Silver
Every Day
Library
Three
" If I had a spreadsheet on my computer, it looked like I was busy. "
Nate Silver
Busy
Computer
Looked
" A lot of the time nothing happens in a day. "
Nate Silver
Nothing
Lot
Day
" I've become invested with this symbolic power. It really does transcend what I'm actually doing and what I actually deserve. "
Nate Silver
Become
Transcend
Power
" I have to make sure that I make good choices and that if I put my name on it, it's a high-quality endeavor and that I have time to be a human being. "
Nate Silver
Human
Sure
Time
" Any one game in baseball doesn't tell you that much, just as any one poll doesn't tell you that much. "
Nate Silver
Much
You
Tell
" Well the way we perceive accuracy and what accuracy is statistically are really two different things. "
Nate Silver
Accuracy
Different
Two
" It's a little strange to become a kind of symbol of a whole type of analysis. "
Nate Silver
Kind
Little
Strange
" People attach too much importance to intangibles like heart, desire and clutch hitting. "
Nate Silver
People
Like
Heart
" When human judgment and big data intersect there are some funny things that happen. "
Nate Silver
Human
Happen
Funny
" You don't want to treat any one person as oracular. "
Nate Silver
Treat
Any
Want
" First of all, I think it's odd that people who cover politics wouldn't have any political views. "
Nate Silver
Politics
Think
Political
" The Protestant Reformation had a lot to do with the printing press, where Martin Luther's theses were reproduced about 250,000 times, and so you had widespread dissemination of ideas that hadn't circulated in the mainstream before. "
Nate Silver
Where
Lot
Ideas