Quotes & Sayings About Miscalculations

In the stock market, even slight miscalculations can cause huge financial losses. Additionally, you need to study and monitor the corporations you've invested in. You — Zachary D. West

Mistakes and miscalculations are human and normal, and viewed in the long run they have not damaged the company. I do not mind taking responsibilty for every managerial decision I have made. But if a person who makes a mistake is branded and kicked off the seniority promotion escalator, he could lose his motivation for the rest of his business life and depreive the company of whaever good things he may have to offer later. If the casues of the mistake are clarified and made public, the person who made the mistake will not forget it and others will not make the same mistake. I tell our people Go ahead and do what you think is right. If you make a mistake, you will learn form it. Just don't make the same mistake twice. — Akio Morita

It's a moment to learn. This was the thing about miscalculations, errors, and mistakes. You admitted them, you used them as teachable moments, and then you moved on. You didn't forget, but you didn't dwell. — Meg Howrey

Out of love and desire to protect our children's self-esteem, we have bulldozed every uncomfortable bump and obstacle out of the way, clearing the manicured path we hoped would lead to success and happiness. Unfortunately, in doing so we have deprived our children of the most important lessons of childhood. The setbacks, mistakes, miscalculations, and failures we have shoved out of our children's way are the very experiences that teach them how to be resourceful, persistent, innovative and resilient citizens of this world. — Jessica Lahey

When forecasting the outcomes of risky projects, executives too easily fall victim to the planning fallacy. In its grip, they make decisions based on delusional optimism rather than on a rational weighting of gains, losses, and probabilities. They overestimate benefits and underestimate costs. They spin scenarios of success while overlooking the potential for mistakes and miscalculations. As a result, they pursue initiatives that are unlikely to come in on budget or on time or to deliver the expected returns - or even to be completed. In this view, people often (but not always) take on risky projects because they are overly optimistic about the odds they face. I will return to this idea several times in this book - it probably contributes to an explanation of why people litigate, why they start wars, and why they open small businesses. — Daniel Kahneman

There's might too in the incomplete. In feeling fractional. A failure to carry out is perhaps no failure at all, but rather a minced metric of splendor. The ongoing. The outlawed. The no-patrol. The act of making loose. Of not doing as you've been told. Of betting on miscalculations and cul-de-sacs. Why force conciliation when, from time to time, long-held deep breaths follow what we consider defeat? Why not want a little mania? The shrill of chance, of what's weird. Of purple hats and hiccups. Endurance is a talent that seldom worries about looking good, and abiding has its virtues even when the tongue dries. The intention shouldn't only be to polish what we start but to acknowledge that beginning again and again can possess the acquisitive thrill of a countdown that never reaches zero. Groping — Durga Chew-Bose

If gross miscalculations of a person's value could occur on a baseball field, before a live audience of thirty thousand, and a television audience of millions more, what did that say about the measurement of performance in other lines of work? If professional baseball players could be over-or undervalued, who couldn't? Bad as they may have been, the statistics used to evaluate baseball players were probably far more accurate than anything used to measure the value of people who didn't play baseball for a living. — Michael Lewis

President Bush had an opportunity tonight to say, 'Look ... things aren't going very well in Iraq and we did make some miscalculations and misjudgments there,' but he is so stubbornly arrogant - he just sticks with that same formula that he has in talking about the war on Iraq that just defies the reality that we all see on the ground. — Mike McCurry

I would say that among my many huge emotional miscalculations was my taking a film career for granted. It is the most awesome privilege to be able to use one's imagination and wit, physicality and musicality, conscious brain and unconscious instinct in the service of a work that has a chance to move and excite and amuse and delight people all over the world, including long after we're dead. What a noble calling! And I felt it was just there for me as a kind of given, some sort of inherited birthright-when in reality it's the most magnificent luxury. — Robert Downey Jr.

We need to be skeptical of utopianists who offer unreliable totalistic visions of other worlds and strive to take us there. We need some ideals, but we also need to protect ourselves from the miscalculations and misadventures of visionaries. — Paul Kurtz

People often of masterful intelligence, trained usually in law or economics or perhaps in political science, who have led their governments into disastrous decisions and miscalculations because they have no awareness whatever of the historical background, the cultural universe, of the foreign societies with which they have to deal. — Michael Howard

God, by definition, is maximally competent. God, by definition, is maximally efficient. There are no mistakes. There can be no mistakes, no missteps, no lapses or miscalculations. What exists, exists because it was arranged for by the Catalogue of Catalogues that is the mind of God. Evil exists because it is meant to exist, and to even suggest it is the result of some personal ineptitude or imbecilic blunder in the design is athletically - historically - preposterous. — John Zande

Politicians and bureaucrats are substituting their uninformed, largely political decisions for those of the marketplace. Their past miscalculations demonstrate that they do not and cannot possess the information, knowledge, means, and discipline to manage the economy. — Mark Levin

War is the unfolding of miscalculations. — Barbara W. Tuchman

After months of rumors, inference, and horrible miscalculations, the impossible had happened. The U.S. Pacific fleet lay twisted anad burning at the bottom of the Pacific Ocean in Honolulu. Had he been wrong about Japan not taking an offensive right now? God, he had thousands of men and women to think of, and he feared in his heart that it might not turn out the way he had seen it. He felt doomed, almost paralyzed by his gross miscalculation. He determined, however, that he would not let the word out about Pearl Harbor until he could meet with his American strategists and Philippine President Manuel Quezon. — Joyce Shaughnessy

In the 1860s the leaders of the cotton belt made one of the most prodigious miscalculations in recorded history. On the eve of the era of applied technologies, in which more and more work is done with fewer people and less effort, they made war to preserve the day of chattel slavery - the era of gang labor, with its reliance on the same use of human muscles that built the pyramids. The lost cause was lost before it started to fight. Inability to see what is going on in the world can be costly. — Bruce Catton

There was but one question he left unasked, and it vibrated between his lines: if gross miscalculations of a person's value could occur on a baseball field, before a live audience of thirty thousand, and a television audience of millions more, what did that say about the measurement of performance in other lines of work? If professional baseball players could be over- or under valued, who couldn't? — Michael Lewis

The blindness of bigotry, the madness of ambition, and the miscalculations of diplomacy seek their victims principally amongst the innocent and the unoffending. The cottage is sure to suffer for every error of the court, the cabinet, or the camp. When error sits in the seat of power and of authority, and is generated in high places, it may be compared to that torrent which originates indeed in the mountain, but commits its devastation in the vale. — Charles Caleb Colton

Mindless action without a real understanding of the ramifications is only likely to result in serious miscalculations or a colossal waste of time. Avoid both by using your judgment, filtered through both knowledge and experience. Use common sense and logic as a counterbalance to emotion. — David Amerland

outbreak of the 1967 Arab-Israeli war was not a result of some global strategy, but of a set of specific, regional calculations and miscalculations; on one hand, Israel's long-standing wish to strike at the growing military power of Egypt and, on the other, the tactical mistakes of Nasser in May of that year, through which he requested the withdrawal of UN buffer forces and so left himself open to the Israeli attack. — Fred Halliday

Edge also implies what Ben Graham ... called a margin of safety. You have a margin of safety when you buy an asset at a price that is substantially less than its value. As Graham noted, the margin of safety 'is available for absorbing the effect of miscalculations or worse than average luck.' ... Graham expands, "The margin of safety is always dependent on the price paid. It will be large at one price, small at some higher price, nonexistent at some still higher price." — Michael Mauboussin