Share
×
Inspirational Quotes
Authors
Professions
Topics
Tags
Quote
People have little idea, by and large, of the investment world. They are convinced they have an advantage.
Daniel Kahneman
Share
Change background
T
T
T
Change font
Original
TAGS & TOPICS
Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Little
Investment
World
Convinced
People
Large
Advantage
Idea
Money
Littles
Ideas
More quotes by Daniel Kahneman
Most of the moments of our life - and I calculated, you know, the psychological present is said to be about three seconds long that means that, you know, in a life there are about 600 million of them in a month, there are about 600,000 - most of them don't leave a trace.
Daniel Kahneman
We have no reason to expect the quality of intuition to improve with the importance of the problem. Perhaps the contrary: high-stake problems are likely to involve powerful emotions and strong impulses to action.
Daniel Kahneman
People just hate the idea of losing. Any loss, even a small one, is just so terrible to contemplate that they compensate by buying insurance, including totally absurd policies like air travel.
Daniel Kahneman
True intuitive expertise is learned from prolonged experience with good feedback on mistakes.
Daniel Kahneman
In a rising market, enough of your bad ideas will pay off so that you'll never learn that you should have fewer ideas.
Daniel Kahneman
Intuitive diagnosis is reliable when people have a lot of relevant feedback. But people are very often willing to make intuitive diagnoses even when they're very likely to be wrong.
Daniel Kahneman
The dominance of conclusions over arguments is most pronounced where emotions are involved.
Daniel Kahneman
Political columnists and sports pundits are rewarded for being overconfident.
Daniel Kahneman
This is the essence of intuitive heuristics: when faced with a difficult question, we often answer an easier one instead, usually without noticing the substitution.
Daniel Kahneman
It is only a slight exaggeration to say that happiness is the experience of spending time with people you love and who love you.
Daniel Kahneman
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
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
Individual investors predictably flock to stocks in companies that are in the news.
Daniel Kahneman
When action is needed, optimism, even of the mildly delusional variety, may be a good thing.
Daniel Kahneman
It was always assumed I would be a professor. I grew up thinking it.
Daniel Kahneman
Slow thinking has the feeling of something you do. It's deliberate.
Daniel Kahneman
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.
Daniel Kahneman
Researchers who studied a thousand Dutch vacationers concluded that by far the greatest amount of happiness extracted from the vacation is derived from the anticipation period.
Daniel Kahneman
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
The effort invested in 'getting it right' should be commensurate with the importance of the decision.
Daniel Kahneman