We need to stop, and admit it: we have a prediction problem. We love to predict things—and we aren’t very good at it.

Whenever you have dynamic interactions between 300 million people and the American economy acting in really complex ways, that introduces a degree of almost chaos theory to the system, in a literal sense.

The Protestant Reformation had a lot to do with the printing press, where Martin Luther's theses were reproduced about 250,000 times. And so you had widespread dissemination of ideas that hadn't circulated in the mainstream before.

Every day, three times per second, we produce the equivalent of the amount of data that the Library of Congress has in it's entire print collection, right? But most of it is like cat videos on YouTube or thirteen-year-olds exchanging text messages about the next 'Twilight' movie.

In baseball you have terrific data and you can be a lot more creative with it.

If you aren't taking a representative sample, you won't get a representative snapshot.

We need to stop, and admit it: we have a prediction problem. We love to predict things—and we aren’t very good at it.