It is better to be roughly right than precisely wrong.
—John Maynard Keynes
You all have probably heard the story about Malcolm Forbes, who once got lost
floating for miles in one of his famous balloons and finally landed in the middle of a cornfield. He spotted a man coming toward him and asked, “Sir, can you tell me where I am?” The man said, “Certainly, you are in a basket in a field of corn.”
Forbes said, “You must be a statistician.” The man said, “That’s amazing, how did you know that?” “Easy,” said Forbes, “your information is concise, precise, and absolutelyuseless!”
Regards
Selvan
A version of those words came from an 18th century author named Carveth Read in a book on logic and reasoning.
The quote is often misappropriated to John Maynard Keynes,
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