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People don't realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but that's as far as we go. And I've had a very successful career as a forecaster, starting in 1948 forward. The number of mistakes I have made are just awesome. There is no number large enough to account for that.
— Alan Greenspan
Tags: mistakes, go, people, future

Other Quotes by "Alan Greenspan"

Markets do very weird things because it reacts to how people behave, and sometimes people are a little screwy.
— Alan Greenspan
Tags: things, weird, sometimes, people
I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about.
— Alan Greenspan
Tags: more, know, will, today
Revolutions are something you see only in retrospect.
— Alan Greenspan
Tags: something, see, only, you
The problem is you cannot have free global trade with highly restrictive, regulated domestic markets.
— Alan Greenspan
Tags: cannot, problem, free, you
I always believed in animal spirits. It's not their existence that is new. It's the fact that they are not random events, but actually replicate in-bred qualities of human nature which create those animal spirits.
— Alan Greenspan
Tags: new, animal, random, nature
View More by "Alan Greenspan"
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