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Everybody thought, “this time is different.” In my view, those are the most frightening words in the English language. If you look at the crises that have infected the world, the term, “this time, it’s different” has almost always been the hubris that comes before nemesis.

Andrew Crockett (1943-2012) British banker, economist, author, public servant
Speech, Pomona College, Claremont, Calif. (Apr 2009)
    (Source)

Referring to the period leading up to the 2008 financial crisis.
Added on 3-Aug-17 | Last updated 3-Aug-17
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We have two classes of forecasters: those who don’t know and those who know they don’t know.

John Kenneth Galbraith (1908-2006) Canadian-American economist, diplomat, author
(Attributed)

Variants:
  • There are two classes of people who tell what is going to happen in the future: Those who don't know, and those who don't know they don't know.
  • You can divide the world into those who don't know and those who don't know they don't know.
  • There are those who don't know, and there are those who don't know they don't know.
  • We have two kinds of forecasters: Those who don't know ... and those who don't know they don't know.
  • There are two kinds of economists: those who don't know the future, and those who don't know they don't know.
Added on 12-Mar-15 | Last updated 12-Mar-15
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