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" 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
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" I actually buy the paper version of The New York Times maybe once or twice a week. "
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New
Maybe
" People still don't appreciate how ephemeral success is. "
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People
Appreciate
" Midterm elections can be dreadfully boring, unfortunately. "
Nate Silver
Elections
Unfortunately
Boring
" 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
" A lot of things can't be modeled very well. "
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Very
Modeled
Lot
" 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
" People gravitate toward information that implies a happier outlook for them. "
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Information
Happier
People
" We must become more comfortable with probability and uncertainty. "
Nate Silver
Become
More
Uncertainty
" I have to think about how to not spread myself too thin. It's a really great problem to have. "
Nate Silver
Problem
Thin
Think
" I love South American food, and I haven't really been down there. I really need a vacation. "
Nate Silver
Need
Vacation
American
" I don't think you should limit what you read. "
Nate Silver
Limit
You
Think
" Race is still the No. 1 determinant in every election. "
Nate Silver
Still
Race
Every
" I have the same friends and the same bad habits. "
Nate Silver
Habits
Bad
Bad Habits
" 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
" The key to making a good forecast is not in limiting yourself to quantitative information. "
Nate Silver
Making
Yourself
Key
" You don't want to influence the same system you are trying to forecast. "
Nate Silver
System
You
Trying
" In politics people build whole reputations off of getting one thing right. "
Nate Silver
Politics
Right
Build
" When you get into statistical analysis, you don't really expect to achieve fame. Or to become an Internet meme. Or be parodied by 'The Onion' - or be the subject of a cartoon in 'The New Yorker.' I guess I'm kind of an outlier there. "
Nate Silver
Fame
Internet
Kind
" A lot of news is just entertainment masquerading as news. "
Nate Silver
Entertainment
Just
News
" Remember, the Congress doesn't get as many opportunities to make an impression with the public. "
Nate Silver
Congress
Get
Opportunities
" Basically, books were a luxury item before the printing press. "
Nate Silver
Books
Before
Luxury
" Walk rate is probably the area in which a pitcher has the most room to improve, but a rate that high is tough to overcome. "
Nate Silver
Tough
Improve
Walk
" If I had a spreadsheet on my computer, it looked like I was busy. "
Nate Silver
Busy
Computer
Looked
" People attach too much importance to intangibles like heart, desire and clutch hitting. "
Nate Silver
People
Like
Heart
" Almost everyone's instinct is to be overconfident and read way too much into a hot or cold streak. "
Nate Silver
Much
Cold
Hot
" People don't have a good intuitive sense of how to weigh new information in light of what they already know. They tend to overrate it. "
Nate Silver
Know
Light
Information
" 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
" When you try to predict future E.R.A.'s with past E.R.A.'s, you're making a mistake. "
Nate Silver
Predict
Mistake
You
" If you aren't taking a representative sample, you won't get a representative snapshot. "
Nate Silver
Representative
You
Get
" I'm not trying to do anything too tricky. "
Nate Silver
Anything
Trying
Tricky