As a postscript to my thoughts on the ability of university finance directors to foretell inflation, I thought it might be worth including some quotes on forecasting.
I always avoid prophesying beforehand because it is much better to prophesy after the event has already taken place.
Winston Churchill
Never make forecasts, especially about the future.
Sam Goldwyn
A pessimist is an optimist with more information.
Anonymous
To expect the unexpected shows a thoroughly modern intellect.
Oscar Wilde
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