Claims

2,653 claims by 33 public figures and organisations, checked against the public record. Each has its quote, source, verdict and evidence. Read them without a key; browse by person.

6,750 claims, sorted by newest said. Choose a claim to read it in full.
VerdictPersonKindSaidClaimTopic
Mostly true Bill Ackman Factual Jan 2016 Two days after Pershing Square began building its yuan position, China did a 2% surprise devaluation that substantially increased the cost of the options it had intended to keep buying. Bill Ackman · Factual · Jan 2016 Economics and markets
Resolved false Bill Ackman Prediction Jan 2016 Pershing Square did not believe the events that hit Valeant in 2015 would permanently impair Valeant's intrinsic value. Bill Ackman · Prediction · Jan 2016 Economics and markets
Own records only Bill Ackman Factual Jan 2016 Pershing Square's biggest valuation error was assigning too much value to 'platform value' in certain holdings. Bill Ackman · Factual · Jan 2016 Their own work or organisation
Unresolvable Jeremy Grantham Factual Jan 2016 Oil faces a short-term glut caused by U.S. fracking. Jeremy Grantham · Factual · Jan 2016 Economics and markets
Unresolvable Jeremy Grantham Prediction Jan 2016 Limiting global warming to 1.5°C, as discussed in Paris, will not be achieved. Jeremy Grantham · Prediction · Jan 2016 Other global risks
Mostly true Bill Ackman Factual Jan 2016 China and Saudi Arabia have continued to spend hundreds of billions of dollars to defend their currency pegs. Bill Ackman · Factual · Jan 2016 Economics and markets
Unresolvable Bill Ackman Prediction Jan 2016 At current asset inflow rates, index funds will effectively control Corporate America and many foreign countries' corporations before long. Bill Ackman · Prediction · Jan 2016 Economics and markets
Unresolvable Jeremy Grantham Prediction Jan 2016 Grantham believes food faces long-term intractable problems that will threaten political stability around the world, deep into the future. Jeremy Grantham · Prediction · Jan 2016 Other global risks
Unresolvable Jeremy Grantham Prediction Jan 2016 A quick or dramatic recovery in demand for metals is unlikely. Jeremy Grantham · Prediction · Jan 2016 Economics and markets
Resolved false Jeremy Grantham Prediction Jan 2016 Oil stocks should do well over the next five years, perhaps regaining much of their losses. Jeremy Grantham · Prediction · Jan 2016 Economics and markets
Not yet due Jeremy Grantham Prediction Jan 2016 Oil use for transportation will not almost disappear within 10 years. Jeremy Grantham · Prediction · Jan 2016 Economics and markets
Own records only Bill Ackman Factual Jan 2016 Because credit default swaps were an unattractive hedge, Pershing Square looked for other instruments to protect against Black Swan-type risks. Bill Ackman · Factual · Jan 2016 Economics and markets
Mostly true Jeremy Grantham Factual Jan 2016 Grantham had earlier warned of trouble if China quickly slowed its demand growth for minerals. Jeremy Grantham · Factual · Jan 2016 Their own work or organisation
Mostly true Bill Ackman Factual Jan 2016 Pershing Square largely abandoned its strategy of shorting the credit of highly rated, highly leveraged companies as a hedge in 2009. Bill Ackman · Factual · Jan 2016 Economics and markets
Unresolvable Jeremy Grantham Prediction Jan 2016 Forestry should perform above aggregate portfolio averages and be less volatile than equities. Jeremy Grantham · Prediction · Jan 2016 Economics and markets
Own records only Bill Ackman Factual Jan 2016 Pershing Square started slowly with Paul Hilal because his prior focus was technology and the firm had never made a technology investment. Bill Ackman · Factual · Jan 2016 Their own work or organisation
Unresolvable Jeremy Grantham Prediction Jan 2016 Farmland is likely to outperform most other assets. Jeremy Grantham · Prediction · Jan 2016 Economics and markets
Resolved true Bill Ackman Factual Jan 2016 Pershing Square purchased puts on the Saudi Riyal to hedge against a continued decline in energy prices. Bill Ackman · Factual · Jan 2016 Economics and markets
Own records only Bill Ackman Factual Jan 2016 Pershing Square continued building its yuan position by buying slightly more out-of-the-money puts and selling further out-of-the-money puts. Bill Ackman · Factual · Jan 2016 Economics and markets
Mostly false Jeremy Grantham Factual Jan 2016 Mining stocks are the only group with a negative correlation to the rest of a portfolio over 10-year periods and very low correlation over 5 years. Jeremy Grantham · Factual · Jan 2016 Economics and markets
Unresolvable Jeremy Grantham Prediction Jan 2016 Mineral resource stocks are unlikely to regain their losses but will probably outperform from current low prices, as after similar past crashes. Jeremy Grantham · Prediction · Jan 2016 Economics and markets
Not yet due Jeremy Grantham Prediction Jan 2016 After five years oil stock prospects will be more questionable, and beyond 10 years much worse. Jeremy Grantham · Prediction · Jan 2016 Economics and markets
Mostly true Jeremy Grantham Factual Jan 2016 By the time China's demand growth for metals and coal stopped, miners had spent an unprecedented $1.25 trillion on expansion. Jeremy Grantham · Factual · Jan 2016 Economics and markets
Own records only Bill Ackman Factual Jan 2016 Ackman said that when the company's stock rose to the mid-$200s per share "this summer", "we" did not sell, believing it probable that the company would complete additional transactions that would meaningfully increase intrinsic value. Bill Ackman · Factual · Jan 2016 Their own work or organisation
Unresolvable Bill Ackman Factual Jan 2016 In summer 2015 Pershing Square built large notional short positions in the Chinese yuan through puts and put spreads. Bill Ackman · Factual · Jan 2016 Economics and markets
Unresolvable Bill Ackman Prediction Jan 2016 Bill Ackman said Paul was ready to pursue his own venture and that he expected him to be a great success. Bill Ackman · Prediction · Jan 2016 Their own work or organisation
Unresolvable Jeremy Grantham Prediction Jan 2016 Cutbacks in oil exploration will almost guarantee another sharp oil price spike within two to four years. Jeremy Grantham · Prediction · Jan 2016 Economics and markets
Unresolvable Jeremy Grantham Factual 2016 In the last 30 years investors experienced 4 of perhaps the best 8 classic bubbles known to history. Jeremy Grantham · Factual · 2016 Economics and markets
Not yet due Jeremy Grantham Prediction 2016 On his suggested 20-year path, developed country equities will return 5.0% instead of GMO's current 5.7% normal assumption. Jeremy Grantham · Prediction · 2016 Economics and markets
Unresolvable Jeremy Grantham Prediction 2016 Investors are likely to get very low returns in the coming years. Jeremy Grantham · Prediction · 2016 Economics and markets
Own records only Jeremy Grantham Factual 2016 Over GMO's 28 years of asset allocation, most risk reduction for clients came in the 2000 and 2007 US bubbles, which GMO sidestepped to a considerable degree. Jeremy Grantham · Factual · 2016 Their own work or organisation
Not yet due Jeremy Grantham Prediction 2016 Implications for pension funds over the next 20 years will be similar whether the market crashes in 2 years, falls over 7 years, or moves sideways for 20 years. Jeremy Grantham · Prediction · 2016 Economics and markets
Not yet due Jeremy Grantham Prediction 2016 Grantham suggested a 20-year path in which rates return two-thirds of the way to normal, so that T-bills would yield around 1.2-1.5% real again. Jeremy Grantham · Prediction · 2016 Economics and markets
Not yet due Jeremy Grantham Prediction 2016 Three mean-reverting paths yield similar 20-year returns: 2.4% a year (7-year slump), 2.6% (2-year crash), 2.8% (20-year whimper). Jeremy Grantham · Prediction · 2016 Economics and markets
Not yet due Jeremy Grantham Prediction 2016 Any assumptions including a modest reduction in abnormally high corporate profits give a very disappointing 20-year return path. Jeremy Grantham · Prediction · 2016 Economics and markets
Unresolvable Nate Silver Factual 2016 If the model were calibrated only on presidential elections since 2000, Clinton's chances would rise to 95 percent and Trump's fall to 5 percent. Nate Silver · Factual · 2016 Science and research methods
Mostly true Jeremy Grantham Factual 2016 From late 2002 into 2006 the Fed raised rates by as much as 430 basis points as the economy recovered. Jeremy Grantham · Factual · 2016 Economics and markets
Unresolvable Jeremy Grantham Factual 2016 Only mavericks spoke against the recent great bubbles; the economic and financial establishments backed them. Jeremy Grantham · Factual · 2016 Economics and markets
Unresolvable Jeremy Grantham Prediction 2016 Grantham proposed that discount rates returning two-thirds of the way to the old normal was more probable than either returning all the way or staying indefinitely at current levels, although he said both were possible. Jeremy Grantham · Prediction · 2016 Economics and markets
Mostly true Nate Silver Factual 2016 The t-distribution in FiveThirtyEight's model mostly makes a difference for very low-probability events. Nate Silver · Factual · 2016 Science and research methods
Mixed Jeremy Grantham Factual 2016 Fed chairs Yellen, Bernanke and Greenspan overtly bragged about their success in driving asset prices, particularly stocks, higher. Jeremy Grantham · Factual · 2016 Economics and markets
Own records only Jeremy Grantham Factual 2016 GMO considers a 60-65% equity position what it would hold in a normal world with everything fairly priced. Jeremy Grantham · Factual · 2016 Their own work or organisation
Unresolvable Jeremy Grantham Prediction 2016 If wages rise and oil rebounds toward $100 a barrel by 2020, inflation could tick up, which has historically tended to lower P/Es. Jeremy Grantham · Prediction · 2016 Economics and markets
Own records only Jeremy Grantham Factual 2016 Most of GMO's extra performance over 28 years came from ranking asset classes more correctly than not. Jeremy Grantham · Factual · 2016 Their own work or organisation
Not yet due Jeremy Grantham Prediction 2016 Corporate returns will slowly drop back two-thirds of the way to their old normal over 20 years (model assumption). Jeremy Grantham · Prediction · 2016 Economics and markets
Mostly true Nate Silver Factual 2016 In 2012, Obama beat his polling by 2 or 3 percentage points in almost every swing state. Nate Silver · Factual · 2016 Science and research methods
Unresolvable Jeremy Grantham Factual 2016 Many investors are willing to hold long-term government bonds guaranteeing zero real return rather than buy stocks. Jeremy Grantham · Factual · 2016 Economics and markets
Unresolvable Nate Silver Factual 2016 FiveThirtyEight's models give Trump a 15 percent (polls-only) and 17 percent (polls-plus) chance, about twice the NYT Upshot's 8 percent. Nate Silver · Factual · 2016 Science and research methods
Unresolvable Jeremy Grantham Prediction 2016 Given the constraints of Congress, the event, which comes with possibilities of tariff wars and political unease, would seem unlikely to cause long-lived effects, though this is not impossible. Jeremy Grantham · Prediction · 2016 AI policy and governance
Own records only Jeremy Grantham Factual 2016 GMO's Benchmark-Free portfolio carries almost 50% equity or equity-like exposure. Jeremy Grantham · Factual · 2016 Their own work or organisation
Mostly true Nate Silver Factual 2016 FiveThirtyEight's model is based on a combination of state and national polls. Nate Silver · Factual · 2016 Science and research methods
Mostly true Nate Silver Factual 2016 FiveThirtyEight's polls-only model gives Clinton an 85 percent chance of winning and its polls-plus model gives her 83 percent. Nate Silver · Factual · 2016 Science and research methods
Resolved true Jensen Huang Factual 2016 The AI supercomputer Huang delivered to Elon Musk and OpenAI in 2016 was the first of its kind Nvidia ever shipped. Jensen Huang · Factual · 2016 AI compute, hardware and data
Not yet due Jeremy Grantham Prediction 2016 The Fed and central banks' practice of trying to influence the economy through lower rates is unlikely to go away entirely, even over 20 years. Jeremy Grantham · Prediction · 2016 Economics and markets
Resolved true Jeremy Grantham Prediction 2016 He sees the biggest risk as an extended economic recovery, which he expects to last two more years, that might start to push up wages enough to count. Jeremy Grantham · Prediction · 2016 Economics and markets
Unresolvable Jeremy Grantham Prediction 2016 London's financial business will be hurt by Brexit, long and hard. Jeremy Grantham · Prediction · 2016 Economics and markets
Own records only Jeremy Grantham Factual 2016 GMO does not expect its strategists or analysts to toe a party line. Jeremy Grantham · Factual · 2016 Their own work or organisation
Unresolvable Jeremy Grantham Prediction 2016 The case for partial regression of rates hinges on the possibility that the 1945-2005 post-war era will turn out to have been a golden era of global growth that will not be equaled again for at least a couple of decades. Jeremy Grantham · Prediction · 2016 Economics and markets
Unresolvable Jeremy Grantham Prediction 2016 Most UK corporations will lose easy access to the EU market because of Brexit. Jeremy Grantham · Prediction · 2016 Economics and markets
Mixed Jeremy Grantham Prediction 2016 Brexit will be very damaging for students and faculty at UK universities, which receive much EU money. Jeremy Grantham · Prediction · 2016 Economics and markets
Unresolvable Jeremy Grantham Factual 2016 Grantham said he believes the major input to lower rates has been a sustained US Fed policy, since just before 1995, of pushing down short-term rates. Jeremy Grantham · Factual · 2016 Economics and markets
Unresolvable Jeremy Grantham Factual 2016 Almost all assets now return 2-2.5% less than they did in the 1955 to 1995 era. Jeremy Grantham · Factual · 2016 Economics and markets
Unresolvable Jeremy Grantham Prediction 2016 Mean reversion in the US equity market will far more likely be slow and incomplete than a sudden bursting. Jeremy Grantham · Prediction · 2016 Economics and markets
Mixed Elon Musk Prediction 2016 A vehicle cheaper than the Model 3 is unlikely to be necessary for Tesla because of the plan's vehicle-sharing component. Elon Musk · Prediction · 2016 Economics and markets
Unresolvable Jeremy Grantham Factual 2016 A 2-sigma deviation occurs every 44 years in a normally distributed world and every 35 years in the actual fat-tailed stock market. Jeremy Grantham · Factual · 2016 Economics and markets
Unresolvable Jeremy Grantham Prediction 2016 Grantham said his own estimate of a one-third chance that Brexit would not happen still looked good. Jeremy Grantham · Prediction · 2016 Economics and markets
Resolved true Ray Dalio Factual 17 Sep 2015 Interest rates are going to zero. Ray Dalio · Factual · 17 Sep 2015 Economics and markets
Unresolvable Ray Dalio Prediction 17 Sep 2015 China's economy is going to be "just fine". Ray Dalio · Prediction · 17 Sep 2015 Economics and markets
Unresolvable Ray Dalio Prediction 17 Sep 2015 Equity risk premiums over bonds are about 3.5% to 4%. Ray Dalio · Prediction · 17 Sep 2015 Economics and markets
Unresolvable Ray Dalio Prediction 17 Sep 2015 If interest rates rise faster than markets have priced in, asset markets will fall in value. Ray Dalio · Prediction · 17 Sep 2015 Economics and markets
Unresolvable Ray Dalio Factual 17 Sep 2015 Credit spreads have come down. Ray Dalio · Factual · 17 Sep 2015 Economics and markets
Resolved true Ray Dalio Prediction 17 Sep 2015 Bonds will return about 2.25% a year over the next 10 years. Ray Dalio · Prediction · 17 Sep 2015 Economics and markets
Mostly true Ray Dalio Factual 17 Sep 2015 Falling spreads mean asset prices have gone up. Ray Dalio · Factual · 17 Sep 2015 Economics and markets
Resolved true Ray Dalio Prediction 17 Sep 2015 The US/global economy will have an economic downturn at some point. Ray Dalio · Prediction · 17 Sep 2015 Economics and markets
Mostly true Dario Amodei Prediction 17 Aug 2015 AI seems likely to enable much better propaganda and surveillance, which are major tools of autocrats. Dario Amodei · Prediction · 17 Aug 2015 AI policy and governance
Unresolvable Dario Amodei Prediction 17 Aug 2015 Amodei guessed that most people would support embryo screening for severe or debilitating mental illness. Dario Amodei · Prediction · 17 Aug 2015 Philosophy, ethics and society
Not yet due Dario Amodei Prediction 17 Aug 2015 Powerful AI could be built as early as 2026, though it could take much longer. Dario Amodei · Prediction · 17 Aug 2015 AI timelines and forecasting
Unresolvable Dario Amodei Prediction 17 Aug 2015 Amodei said he suspects AI-accelerated biology will greatly expand what is possible, with weight, physical appearance, reproduction and other biological processes becoming fully under people's control. Dario Amodei · Prediction · 17 Aug 2015 Science and research methods
Not yet due Dario Amodei Prediction 17 Aug 2015 Most mental illness can probably be cured with AI-accelerated neuroscience. Dario Amodei · Prediction · 17 Aug 2015 Science and research methods
Mostly true Dario Amodei Prediction 17 Aug 2015 Climate change will be felt much more strongly in the developing world, hampering its development. Dario Amodei · Prediction · 17 Aug 2015 Other global risks
Not yet due Dario Amodei Prediction 17 Aug 2015 Amodei thinks AI will similarly accelerate the rate of neuroscience advances, so that the framework of '100 years of progress in 5-10 years' applies to neuroscience in the same way it does to biology. Dario Amodei · Prediction · 17 Aug 2015 AI capabilities
Unresolvable Dario Amodei Prediction 17 Aug 2015 The rate of discovery of key biology and medicine technologies could be increased by 10x or more with many more talented, creative researchers. Dario Amodei · Prediction · 17 Aug 2015 Science and research methods
Unresolvable Dario Amodei Prediction 17 Aug 2015 Dario Amodei suspects that some new and stranger economic arrangement will be needed, one that no one today has done a good job of envisioning. Dario Amodei · Prediction · 17 Aug 2015 AI, the economy and work
Unresolvable Dario Amodei Prediction 17 Aug 2015 Amodei said the cause of Alzheimer's seems like the type of problem that better measurement tools isolating biological effects could solve, and that he is bullish about AI's ability to solve it. Dario Amodei · Prediction · 17 Aug 2015 AI capabilities
Mixed Dario Amodei Factual 17 Aug 2015 Poorly implemented services are currently a major driver of cynicism about government. Dario Amodei · Factual · 17 Aug 2015 AI policy and governance
Unresolvable Dario Amodei Prediction 17 Aug 2015 Amodei suspects that improved mental health will ameliorate many other societal problems, including ones that seem political or economic. Dario Amodei · Prediction · 17 Aug 2015 Philosophy, ethics and society
Mostly true Dario Amodei Factual 17 Aug 2015 The impact of nuclear power, supersonic flight and elevators has been substantially reduced by regulations or misplaced fears despite working well technically. Dario Amodei · Factual · 17 Aug 2015 AI policy and governance
Unresolvable Dario Amodei Prediction 17 Aug 2015 Amodei said it seems very likely that there is room for smarter-than-human AI systems to do a better job than humans at the epidemiological modeling used in disease eradication campaigns. Dario Amodei · Prediction · 17 Aug 2015 AI capabilities
Unresolvable Dario Amodei Factual 17 Aug 2015 Successful biology projects are often scrappy or afterthoughts not initially thought promising, rather than massively funded efforts. Dario Amodei · Factual · 17 Aug 2015 Science and research methods
Not yet due Dario Amodei Prediction 17 Aug 2015 The human economy may continue to make sense a little past the point where AI reaches a 'country of geniuses in a datacenter'. Dario Amodei · Prediction · 17 Aug 2015 AI, the economy and work
Unresolvable Dario Amodei Prediction 17 Aug 2015 There is a good chance Alzheimer's can eventually be prevented with relatively simple interventions once what is going on is actually understood. Dario Amodei · Prediction · 17 Aug 2015 Science and research methods
Unresolvable Dario Amodei Prediction 17 Aug 2015 AI could enable reductions of 95% or more in both cancer mortality and incidence. Dario Amodei · Prediction · 17 Aug 2015 AI capabilities
Not yet due Dario Amodei Prediction 17 Aug 2015 Amodei guessed that powerful AI could at least 10x the rate of these biological discoveries, giving the next 50-100 years of biological progress in 5-10 years. Dario Amodei · Prediction · 17 Aug 2015 Science and research methods
Unresolvable Dario Amodei Prediction 17 Aug 2015 Amodei expects improvements in mental health, well-being and education to increase democracy, citing that all three are negatively correlated with support for authoritarian leaders. Dario Amodei · Prediction · 17 Aug 2015 Philosophy, ethics and society
Unresolvable Dario Amodei Prediction 17 Aug 2015 The basic development of AI technology and many, though not all, of its benefits seems inevitable unless the risks derail everything, and is fundamentally driven by powerful market forces. Dario Amodei · Prediction · 17 Aug 2015 AI timelines and forecasting
Unresolvable Dario Amodei Prediction 17 Aug 2015 Amodei strongly suspects that details of individual neuron communication will be abstracted away in most interesting questions about computation and circuits. Dario Amodei · Prediction · 17 Aug 2015 Science and research methods
Mostly true Dario Amodei Factual 17 Aug 2015 Diseases have been eradicated and many countries have gone from poor to rich, through decisions that exhibit high returns to intelligence. Dario Amodei · Factual · 17 Aug 2015 Economics and markets
Unresolvable Dario Amodei Prediction 17 Aug 2015 Amodei said he does not think governments will (or should) turn over their economic policy to an AI, even if it could do so; he also said he is somewhat skeptical that an AI could solve the socialist calculation problem. Dario Amodei · Prediction · 17 Aug 2015 AI, the economy and work
Mostly true Dario Amodei Factual 17 Aug 2015 Although drug development is overly cumbersome, once developed drugs are generally successfully deployed and used. Dario Amodei · Factual · 17 Aug 2015 Economics and markets
Unresolvable Dario Amodei Factual 17 Aug 2015 In recent years GWAS studies seem to suggest that correlations between psychiatric disease genes and positive traits might have been overstated. Dario Amodei · Factual · 17 Aug 2015 Science and research methods
Back to the list

Dario Amodei

Open its page

Factual Science and research methods

“Third, successful projects are often scrappy or were afterthoughts that people didn’t initially think were promising, rather than massively funded efforts.”

Dario Amodei, Anthropic CEO, essay author 17 August 2015 Machines of Loving Grace (darioamodei.com)

Successful biology projects are often scrappy or afterthoughts not initially thought promising, rather than massively funded efforts.

Unresolvable The public record could not settle it.

What would count as true or false

Judged as of 2015-08-17, as a general claim about successful biology research. True: studies of how biology breakthroughs arose, or a broad historical record, show that a large share of important successes (for example PCR, GFP, CRISPR or monoclonal antibodies) came from small, under-resourced or initially unpromising side projects, and that big, heavily funded efforts did not account for most successes. Mostly true: the pattern is well documented for many notable cases ("often"), but large funded efforts also produced a substantial share of successes. Mixed: the evidence is balanced, with many notable successes from both scrappy and massively funded projects. Mostly false: the claim rests on a handful of anecdotes stated as a general pattern, with no systematic evidence, or the evidence suggests that most successes came from well-funded mainstream programmes. False: systematic evidence shows that scrappy or afterthought projects rarely produce successes in biology.

Evidence

  1. Revolution Postponed: Why the Human Genome Project Has Been Disappointing Scientific American · 1 October 2010
    “Tumor biologist Robert A. Weinberg of the Whitehead Institute for Biomedical Research in Cambridge, Mass., says the returns on cancer genomics “have been relatively modest—very modest compared to the resources invested.””
  2. Revolution Postponed: Why the Human Genome Project Has Been Disappointing Scientific American · 1 October 2010
    “Harold E. Varmus, former director of the National Institutes of Health, wrote recently in the New England Journal of Medicine that “only a handful of major changes ... have entered routine medical practice””
  3. Revolution Postponed: Why the Human Genome Project Has Been Disappointing Scientific American · 1 October 2010
    “The $138-million HapMap, he says, was a “magnificent failure.””
  4. Revolution Postponed: Why the Human Genome Project Has Been Disappointing Scientific American · 1 October 2010
    “Harold E. Varmus, former director of the National Institutes of Health, wrote recently in the New England Journal of Medicine that “only a handful of major changes ... have entered routine medical practice”—most of them, he added, the result of “discoveries that preceded the unveiling of the human genome.””
  5. Revolution Postponed: Why the Human Genome Project Has Been Disappointing Scientific American · 1 October 2010
    “says the returns on cancer genomics “have been relatively modest—very modest compared to the resources invested.””
  6. Revolution Postponed: Why the Human Genome Project Has Been Disappointing Scientific American · 1 October 2010
    “Hobbs and Cohen quietly embarked on a project known as the Dallas Heart Study to help uncover the causes of heart disease.”
  7. Revolution Postponed: Why the Human Genome Project Has Been Disappointing Scientific American · 1 October 2010
    “The $138-million HapMap, he says, was a “magnificent failure.””
  8. Trajectories of biomedical research leading to Nobel Prize-winning discoveries Annals of the New York Academy of Sciences (via PMC) · 5 June 2024
    “Nobel laureates are neither hyper-prolific (>72 papers per year) nor hyper-funded (>$100M cumulative).”
  9. Trajectories of biomedical research leading to Nobel Prize-winning discoveries Annals of the New York Academy of Sciences (via PMC) · 5 June 2024
    “Such differences arose from nearly identical cumulative NIH award budgets of pre-Nobel laureates (median $25.3M) and control researchers.”
  10. PCR: celebrating 40 years of development BioTechniques · 19 January 2023
    “Kary Mullis is credited with inventing the PCR method in 1983 while working at the Cetus Corporation (CA, USA), winning the 1993 Nobel Prize in Chemistry for his ‘contributions to the development of methods within DNA-based chemistry’.”

Reasoning

The Scientific American items (E1–E7) give expert opinions that some large genomics efforts fell short of expectations: returns on cancer genomics were described as 'very modest compared to the resources invested' [E1], and the $138-million HapMap was called a 'magnificent failure' [E3]. These are anecdotes about specific projects, not a study of where biology successes come from. E8–E9 find that Nobel laureates were not hyper-funded, but their NIH budgets (median $25.3M) were nearly identical to those of matched controls, so this neither shows scrappy origins nor addresses afterthought projects. E10 says where PCR was invented but gives no funding level or early view of how promising it was, so the evidence does not establish the general pattern either way.

Cite this claim

Dario Amodei, “Successful biology projects are often scrappy or afterthoughts not initially thought promising, rather than massively funded efforts.” (said 17 August 2015). Verdict: unresolvable. Reliability API, claim c_61c8156e76cf, method 0.1.0+c876030c. https://epistacklabs.com/claims/c_61c8156e76cf

Verdicts are made automatically; how verdicts and scores are made. The same data is on Hugging Face under CC BY 4.0.