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"Projections are put together by people who have an interest in a particular outcome, have a subconscious bias, and its apparent precision makes it fallacious. They remind me of Mark Twain's saying, 'A mine is a hole in the ground owned by a liar.' Projections in America are often a lie, although not an intentional one, but the worst kind because the forecaster often believes them himself."

— Charlie Munger
charlie munger Quotes America,Bias,Subconscious

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Charlie Munger
America
Bias
Subconscious
Particular
Projection
Liars
Investing
Holes
Precision

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In Ireland, there are the same fossils, the same shells and the same sea bodies, as appear in America, and some of them are found in no other part of Europe.

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