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Prudent men are in the habit of saying — and not by chance or without basis — that he who wishes to see what is to come should observe what has already happened, because all the affairs of the world, in every age, have their individual counterparts in ancient times. The reason for this is that since they are carried on by men, who have and always have had the same passions, of necessity the same results appear.

Niccolò Machiavelli (1469-1527) Italian politician, philosopher, political scientist
The Discourses on Livy, Book 3, ch. 43 (1517) [tr. Gilbert (1958)]
    (Source)

Alt. trans.: "The wise are wont to say, and not without reason or at random, that he who would forecast what is about to happen should look to what has been; since all human events, whether present or to come, have their exact counterpart in the past. And this, because these events are brought about by men, whose passions and dispositions remaining in all ages the same naturally give rise to the same effects." [tr. Thomson]
 
Added on 27-Jan-20 | Last updated 27-Jan-20
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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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Forecast: To observe that which has passed, and guess it will happen again; to anticipate the future by guessing at the past; to predict that an event will happen, if it does, by basing calculations on events that have already happened, if they did.

Elbert Hubbard (1856-1915) American writer, businessman, philosopher
The Roycroft Dictionary (1914)
    (Source)
 
Added on 18-Apr-12 | Last updated 14-Sep-20
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An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.

Lawrence J Peter
Lawrence J. Peter (1919-1990) American educator, management theorist
(Attributed)
 
Added on 1-Feb-04 | Last updated 3-Apr-20
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