Quote

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.

Daniel Kahneman

Change background

T
T
T

Change font

TAGS & TOPICS

Daniel Kahneman
Age: 90
Born: 1934
Born: March 5
Economist
Psychologist
University Teacher
Tel Aviv
Israel
D Kahneman
Answer
Question
Answers
Delude
Happen
Beating
Happens
Investors
Going
Investing
Shouldn
Market

More quotes by Daniel Kahneman

Image
Overconfidence is a powerful source of illusions, primarily determined by the quality and coherence of the story that you can construct, not by its validity.
Daniel Kahneman
Image
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
Image
There is a huge wave of interest in happiness among researchers. There is a lot of happiness coaching. Everybody would like to make people happier.
Daniel Kahneman
Image
Hindsight bias makes surprises vanish.
Daniel Kahneman
Image
Most people are highly optimistic most of the time.
Daniel Kahneman
Image
Except for some effects that I attribute mostly to age, my intuitive thinking is just as prone to overconfidence, extreme predictions, and the planning fallacy as it was before I made a study of these issues.
Daniel Kahneman
Image
The confidence that individuals have in their beliefs depends mostly on the quality of the story they can tell about what they see, even if they see little.
Daniel Kahneman
Image
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
Image
Groups tend to be more extreme than individuals.
Daniel Kahneman
Image
If people can construct a simple and coherent story, they will feel confident regardless of how well grounded it is in reality.
Daniel Kahneman
Image
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.
Daniel Kahneman
Image
Through some combination of culture and biology, our minds are intuitively receptive to religion.
Daniel Kahneman
Image
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
Image
The evidence is unequivocal, there's a great deal more luck than skill in people getting very rich.
Daniel Kahneman
Image
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.
Daniel Kahneman
Image
There are domains in which expertise is not possible. Stock picking is a good example. And in long-term political strategic forecasting, it's been shown that experts are just not better than a dice-throwing monkey.
Daniel Kahneman
Image
Most things that couples disagree upon aren't worth more than a day's combat.
Daniel Kahneman
Image
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
Image
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
Image
Intelligence is not only the ability to reason it is also the ability to find relevant material in memory and to deploy attention when needed.
Daniel Kahneman