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"Don't confuse correlation and causation. Almost all great records eventually dwindle."

— Charlie Munger
charlie munger Quotes Correlation,Causation

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Charlie Munger
Correlation
Causation

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Ever since men became capable of free speculation, their actions, in innumerable important respects, have depended upon their theories as to the world and human life, as to what is good and what is evil. This is true in the present day as at any former time. To understand an age or a nation, we must understand its philosophy, and to understand its philosophy we must ourselves be in some degree philosophers. There is here a reciprocal causation: the circumstances of men s lives do much to determine their philosophy, but, conversely, their philosophy does much to determine their circumstances.

— Bertrand Russell

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Big data is great when you want to verify and quantify small data - as big data is all about seeking a correlation - small data about seeking the causation.

— Martin Lindstrom

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