Quote

All of us would be better investors if we just made fewer decisions.

Daniel Kahneman

Change background

T
T
T

Change font

TAGS & TOPICS

Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Decisions
Decision
Better
Made
Would
Investors
Fewer

More quotes by Daniel Kahneman

Image
After a crisis we tell ourselves we understand why it happened and maintain the illusion that the world is understandable. In fact, we should accept the world is incomprehensible much of the time.
Daniel Kahneman
Image
You are more likely to learn something by finding surprises in your own behavior than by hearing surprising facts about people in general.
Daniel Kahneman
Image
Hindsight bias makes surprises vanish.
Daniel Kahneman
Image
The dominance of conclusions over arguments is most pronounced where emotions are involved.
Daniel Kahneman
Image
The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.
Daniel Kahneman
Image
Experts don't know exactly where the boundaries of their expertise are.
Daniel Kahneman
Image
If you're going to be unreligious, it's likely going to be due to reflecting on it and finding some things that are hard to believe.
Daniel Kahneman
Image
We are far too willing to reject the belief that much of what we see in life is random.
Daniel Kahneman
Image
Friends are sometimes a big help when they share your feelings. In the context of decisions, the friends who will serve you best are those who understand your feelings but are not overly impressed by them.
Daniel Kahneman
Image
Often, the most enjoyable part of an activity is the anticipation.
Daniel Kahneman
Image
Acquisition of skills requires a regular environment, an adequate opportunity to practice, and rapid and unequivocal feedback about the correctness of thoughts and actions.
Daniel Kahneman
Image
There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.
Daniel Kahneman
Image
If individuals are rational, there is no need to protect them against their own choices.
Daniel Kahneman
Image
Question: So investors shouldn't delude themselves about beating the market? Answer: They're just not going to do it. It's just not going to happen.
Daniel Kahneman
Image
Below an income of ... $60,000 a year, people are unhappy, and they get progressively unhappier the poorer they get. Above that, we get an absolutely flat line. ... Money does not buy you experiential happiness, but lack of money certainly buys you misery.
Daniel Kahneman
Image
When people think of the outcomes of their decisions, they think much more short term than that. They think in terms of gains and losses.
Daniel Kahneman
Image
If people can construct a simple and coherent story, they will feel confident regardless of how well grounded it is in reality.
Daniel Kahneman
Image
Some memories come with a very compelling sense of truth about them. And that happens to be the case even with memories that are not true.
Daniel Kahneman
Image
We are very influenced by completely automatic things that we have no control over, and we don't know we're doing it.
Daniel Kahneman
Image
Many people will admit that they made a mistake [putting money in dot-coms or telecoms at their peak] But that doesn’t mean that they’ve changed their mind about anything in particular. It doesn’t mean that they are now able to avoid that mistake.
Daniel Kahneman