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I enjoy being active, but I look forward to the day when I can retire to the Internet.
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
Retire
Retiring
Active
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Internet
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More quotes by Daniel Kahneman
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
A general limitation of the human mind is its imperfect ability to reconstruct past states of knowledge, or beliefs that have changed. Once you adopt a new view of the world (or any part of it), you immediately lose much of your ability to recall what you used to believe before your mind changed.
Daniel Kahneman
Adaptation seems to be, to a substantial extent, a process of reallocating your attention.
Daniel Kahneman
I have always emphasized the willingness to discard.
Daniel Kahneman
Doubting what you see is a very odd experience. And doubting what you remember is a little less odd than doubting what you see. But it's also a pretty odd experience, because some memories come with a very compelling sense of truth about them, and that happens to be the case even for memories that are not true.
Daniel Kahneman
Individual investors predictably flock to stocks in companies that are in the news.
Daniel Kahneman
People who are cognitively busy are also more likely to make selfish choices, use sexist language, and make superficial judgments in social situations.
Daniel Kahneman
All of us roughly know what memory is. I mean, memory is sort of the storage of the past. It's the storage of our personal experiences. It's a very big deal.
Daniel Kahneman
People have little idea, by and large, of the investment world. They are convinced they have an advantage.
Daniel Kahneman
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
If you can't take the time for a vacation right now, or even a night out with friends, put something on the calendar - even if it's a month or a year down the road. Then whenever you need a boost of happiness, remind yourself about it.
Daniel Kahneman
Optimism is normal, but some fortunate people are more optimistic than the rest of us. If you are genetically endowed with an optimistic bias, you hardly need to be told that you are a lucky person - you already feel fortunate.
Daniel Kahneman
Groups tend to be more extreme than individuals.
Daniel Kahneman
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
I would not advise people to buy a car or house without making a list. You will probably improve your intuitions by making a list and then sleeping on it.
Daniel Kahneman
We can be blind to the obvious, and we are also blind to our blindness.
Daniel Kahneman
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
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.
Daniel Kahneman
Money does not buy you happiness, but lack of money certainly buys you misery.
Daniel Kahneman
Courage is willingness to take the risk once you know the odds. Optimistic overconfidence means you are taking the risk because you don't know the odds. It's a big difference.
Daniel Kahneman