Although professionals are able to extract a considerable amount of wealth from amateurs, few stock pickers, if any, have the skill needed to beat the market consistently, year after year. Daniel Kahneman More Quotes by Daniel Kahneman More Quotes From Daniel Kahneman When people believe a conclusion is true, they are also very likely to believe arguments that appear to support it, even when these arguments are unsound. Daniel Kahneman support believe people Spend some effort in figuring out why each decision did or did not pan out. Doing that systematically is key: really try to question the way you make decisions, and improve it. Daniel Kahneman effort choices keys The psychologist, Paul Rozin, an expert on disgust, observed that a single cockroach will completely wreck the appeal of a bowl of cherries, but a cherry will do nothing at all for a bowl of cockroaches. Daniel Kahneman wrecks cockroaches experts Many ideas happen to us. We have intuition, we have feeling, we have emotion, all of that happens, we don't decide to do it. We don't control it. Daniel Kahneman intuition feelings ideas People who face a difficult question often answer an easier one instead, without realizing it. Daniel Kahneman difficult-questions answers people Establish a closing ritual. Know when to stop working. Try to end each work day the same way, too. Straighten up your desk. Back up your computer. Make a list of what you need to do tomorrow. Daniel Kahneman lists trying way We don’t choose between experiences, we choose between memories of experiences. Even when we think about the future, we don’t think of our future normally as experiences. We think of our future as anticipated memories. Daniel Kahneman motivation inspiration memories We have a very narrow view of what is going on. Daniel Kahneman views Odd as it may seem, I am my remembering self, and the experiencing self, who does my living, is like a stranger to me. Daniel Kahneman self doe may Our memory tells us stories, that is, what we get to keep from our experiences is a story. Daniel Kahneman our-memories stories memories The idea that the future is unpredictable is undermined every day by the ease with which the past is explained. Daniel Kahneman ease past ideas I enjoy being active, but I look forward to the day when I can retire to the Internet. Daniel Kahneman internet enjoy looks Optimistic people play a disproportionate role in shaping our lives. Their decisions make a difference; they are inventors, entrepreneurs, political and military leaders - not average people. They got to where they are by seeking challenges and taking risks. Daniel Kahneman optimistic military average If you care about being thought credible and intelligent, do not use complex language where simpler language will do. Daniel Kahneman care intelligent use If owning stocks is a long-term project for you, following their changes constantly is a very, very bad idea. It's the worst possible thing you can do, because people are so sensitive to short-term losses. If you count your money every day, you'll be miserable. Daniel Kahneman loss long ideas The 'Instagram Generation' now experiences the present as an anticipated memory Daniel Kahneman instagram generations memories Human beings cannot comprehend very large or very small numbers. It would be useful for us to acknowledge that fact. Daniel Kahneman small-numbers would-be facts We are prone to overestimate how much we understand about the world and to underestimate the role of chance in events. Daniel Kahneman events roles world This is the essence of intuitive heuristics: when faced with a difficult question, we often answer an easier one instead, usually without noticing the substitution. Daniel Kahneman heuristics difficult-questions essence We're generally overconfident in our opinions and our impressions and judgments. Daniel Kahneman judgment impression opinion
