“The information you have is not the information you want. The information you want is not the information you need. The information you need is not the information you can obtain. The information you can obtain costs more than you want to pay”

Source: Against the Gods: The Remarkable Story of Risk

Last update June 3, 2021. History

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Peter L. Bernstein1

American academic 1919–2009

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“[Mistake 2:] Managers need all the information they want. Most MIS designers "determine" what information is needed by asking managers what information they would like to have. This is based on the assumption that managers know what information they need and want.”

Russell L. Ackoff (1919–2009) Scientist

As cited in: Merrill J. Riley (1981) Management information systems. p. 114.
1960s, Management misinformation systems, 1967

“Information wants to be free. (Excerpted from: "On the one hand information wants to be expensive, because it's so valuable. The right information in the right place just changes your life. On the other hand, information wants to be free, because the cost of getting it out is getting lower and lower all the time. So you have these two fighting against each other."”

Stewart Brand (1938) American writer

Whole Earth Review, May 1985, p. 49.

“The more information a guy has, the more likely he is to say, "Hey, King Charlie, you really blew that call." That's why democracy happened. The control of information is something the elite always does, particularly in a despotic form of government. Information, knowledge, is power. If you can control information, you can control people.”

Tom Clancy (1947–2013) American author

1990s, Schafer interview (1995)

“You don’t hide information by destroying it. You hide it by swamping it with bad information.”

Michael Swanwick book Stations of the Tide

Source: Stations of the Tide (1991), Chapter 8, “Conversations in the Puzzle Palace” (p. 139)

“The approach and strategies are very similar in that you gather all the information you can and then keep adding to that base of information as things develop.”

Warren Buffett (1930) American business magnate, investor, and philanthropist

"Buffett on Bridge" at Buffetcup.com (2013) http://archive.is/o4keX <br class="br">Context: The approach and strategies are very similar in that you gather all the information you can and then keep adding to that base of information as things develop. You do whatever the probabilities indicated based on the knowledge that you have at that time, but you are always willing to modify your behaviour or your approach as you get new information. In bridge, you behave in a way that gets the best from your partner. And in business, you behave in the way that gets the best from your managers and your employees.

“MOTHERS! / Can you afford to have a large family? / Do you want any more children? / If not, why do you have them? / DO NOT KILL, / DO NOT TAKE LIFE / BUT PREVENT / Safe, Harmless Information can be obtained of trained nurses at / 46 AMBOY STREET.”

Margaret Sanger (1879–1966) American birth control activist, educator and nurse

(Handbill advertising Sanger's first clinic, Brooklyn, New York, October 1916) https://sangerpapers.files.wordpress.com/2012/05/sanger_flyer.jpg <br class="br">published in "Birthright: What's next for Planned Parenthood." Jill Lepore. The New Yorker, Nov. 14 2011 - page 48.

“By drinking water, you are essentially informing yourself. Even if you are not yet at the point to be able to be consciously aware of what information you are absorbing, that information the water contains is being transferred to your being.”

Teal Swan (1984) American spiritual teacher

Source: tealswan.com/quotes

“People don’t want to be informed, they want to feel informed.”

Roger Ailes (1940–2017) Television executive

https://www.marketplace.org/2017/05/18/roger-ailes-transformed-american-politics-contact-sport/

“Doug's Law: "You can have information or you can have a life, but you can't have both."”

Douglas Coupland book Player One

Player One (2010)

“In the face of almost infinite useful knowledge, we have adopted the strategy of "information regeneration rather than information retrieval." …most importantly, you should be able to generate the result you need even if no one has ever done it before you”

Richard Hamming (1915–1998) American mathematician and information theorist

Methods of Mathematics Applied to Calculus, Probability, and Statistics (1985)
Context: In the face of almost infinite useful knowledge, we have adopted the strategy of "information regeneration rather than information retrieval."... most importantly, you should be able to generate the result you need even if no one has ever done it before you—you will not be dependent on the past to have done everything you will ever need in mathematics.

“The information you have is not the information you want. The information you want is not the information you need. The information you need is not the information you can obtain. The information you can obtain costs more than you want to pay”

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Peter L. Bernstein1

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