Malcolm Forbes Quotes
Being right half the time beats being half-right all the time.
Forbes, Malcolm. The Sayings of Chairman Malcolm: The Capitalist's Handbook. Harper & Row, 1978, p. 19.
There is a great tendency in politics and government operations to get extremely precise numbers because political opponents will always attack all numbers that do not support their positions. The result is that typically, so much time and money goes into trying to get precision, that by the time the numbers are good enough the opportunity to make the right policy decision will have passed. Much information that bears on an issue is never used because it is not precise enough while the precise information is not particularly relevant. See {619763} for a similar related quote.
Malcolm Stevenson Forbes was an American entrepreneur most prominently known as the publisher of Forbes magazine, founded by his father B. C. Forbes. He was known as an avid promoter of capitalism and free market, and for an extravagant lifestyle, spending on parties, travel, and his collection of homes, yachts, aircraft, art, motorcycles, and Fabergé eggs.
