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There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Looks
Tendency
Tendencies
Investment
Risk
Security
Securities
Focus
Investments
Individual
Isolation
Look
Investors

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Money does not buy you happiness, but lack of money certainly buys you misery.
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The confidence people have in their beliefs is not a measure of the quality of evidence but of the coherence of the story the mind has managed to construct.
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It is only a slight exaggeration to say that happiness is the experience of spending time with people you love and who love you.
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An investment said to have an 80% chance of success sounds far more attractive than one with a 20% chance of failure. The mind can't easily recognize that they are the same.
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People talk of the new economy and of reinventing themselves in the workplace, and in that sense most of us are less secure.
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The effort invested in 'getting it right' should be commensurate with the importance of the decision.
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Hindsight bias makes surprises vanish.
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When everybody in a group is susceptible to similar biases, groups are inferior to individuals, because groups tend to be more extreme than individuals.
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In a rising market, enough of your bad ideas will pay off so that you'll never learn that you should have fewer ideas.
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People should be conscious of the large contribution made by anything that gets people together easily in the reduction of loneliness and emotional well-being.
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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.
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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.
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A large portion of the weekend effects is explained by differences in the amount of time spent with friends or family between weekends and weekdays.
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A person who has not made peace with his losses is likely to accept gambles that would be unacceptable to him otherwise.
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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.
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It was always assumed I would be a professor. I grew up thinking it.
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My interest in well-being evolved from my interest in decision making - from raising the question of whether people know what they will want in the future and whether the things that people want for themselves will make them happy.
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What happens with fear is that probability doesn't matter very much. That is, once I have raised the possibility that something terrible can happen to your child, even though the possibility is remote, you may find it very difficult to think of anything else. Emotion becomes dominant.
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Our memory tells us stories, that is, what we get to keep from our experiences is a story.
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I enjoy being active, but I look forward to the day when I can retire to the Internet.
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