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The illusion that we understand the past fosters overconfidence in our ability to predict the future.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Ability
Future
Understand
Past
Fosters
Predict
Illusion

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