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Individual investors predictably flock to stocks in companies that are in the news.

Daniel Kahneman

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Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Investors
Companies
News
Company
Predictably
Individual
Flock
Flocks
Stocks

More quotes by Daniel Kahneman

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Most things that couples disagree upon aren't worth more than a day's combat.
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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.
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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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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.
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Divorced women, compared to married women, are less satisfied with their lives, which is not surprising. But they're actually more cheerful, when you look at the average mood they're in in the course of the day.
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The planning fallacy is that you make a plan, which is usually a best-case scenario. Then you assume that the outcome will follow your plan, even when you should know better.
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We can be blind to the obvious, and we are also blind to our blindness.
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We're generally overconfident in our opinions and our impressions and judgments.
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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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We can't live in a state of perpetual doubt, so we make up the best story possible and we live as if the story were true.
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There's a very good reason for why economics developed the way it did, and that is that in many situations, the assumption that people will exploit the opportunities available to them is very plausible, and it simplifies the analysis of how markets will behave.
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Poverty is clearly one source of emotional suffering, but there are others, like loneliness. A policy to reduce the loneliness of the elderly would certainly reduce suffering.
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The evidence is unequivocal, there's a great deal more luck than skill in people getting very rich.
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If individuals are rational, there is no need to protect them against their own choices.
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Political columnists and sports pundits are rewarded for being overconfident.
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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
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So your emotional state really has a lot to do with what you're thinking about and what you're paying attention to.
Daniel Kahneman
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People like leaders who look like they are dominant, optimistic, friendly to their friends, and quick on the trigger when it comes to enemies. They like boldness and despise the appearance of timidity and protracted doubt.
Daniel Kahneman
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The concept of happiness has to be reorganised.
Daniel Kahneman
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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.
Daniel Kahneman