Individual investors predictably flock to stocks in companies that are in the news. — Daniel Kahneman Copy Share Image
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… — Daniel Kahneman Copy Share Image
There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities. — Daniel Kahneman Copy Share Image
People have little idea, by and large, of the investment world. They are convinced they have an advantage. — Daniel Kahneman Copy Share Image
“Companies with pronounceable names do better than others for the first week after the stock is issued,” — Daniel Kahneman Copy Share Image
The average investor's return is significantly lower than market indices due primarily to market timing. — Daniel Kahneman Copy Share Image
Although professionals are able to extract a considerable amount of wealth from amateurs, few stock pickers, if any, have the skill needed… — Daniel Kahneman Copy Share Image
The brain scientists are the wave of the future in the financial world. If you seek to maximize understanding, whether you're in… — Daniel Kahneman Copy Share Image
If owning stocks is a long-term project for you, following their changes constantly is a very, very bad idea. It's the worst… — Daniel Kahneman Copy Share Image
You should expect little or nothing from Wall Street stock pickers who hope to be more accurate than the market in predicting… — Daniel Kahneman Copy Share Image
An investment said to have an 80% chance of success sounds far more attractive than one with a 20% chance of failure.… — Daniel Kahneman Copy Share Image
“For a number of years, professors at Duke University conducted a survey in which the chief financial officers of large corporations estimated… — Daniel Kahneman Copy Share Image
Unfortunately, skill in evaluating the business prospects of a firm is not sufficient for successful stock trading, where the key question is… — Daniel Kahneman Copy Share Image
However, optimism is highly valued, socially and in the market; people and firms reward the providers of dangerously misleading information more than… — Daniel Kahneman Copy Share Image
“Social psychology comes into the picture here, because the answer that a truthful CFO would offer is plainly ridiculous. A CFO who… — Daniel Kahneman Copy Share Image
“It appears to be a feature of System 1 that cognitive ease is associated with good feelings. As expected, easily pronounced words… — Daniel Kahneman Copy Share Image
“The evidence for the cognitive interpretation of the above-average effect is that when people are asked about a task they find difficult… — Daniel Kahneman Copy Share Image
Economists think about what people ought to do. Psychologists watch what they actually do. — Daniel Kahneman Copy Share Image
“People who are poor think like traders, but the dynamics are quite different. Unlike traders, the poor are not indifferent to the differences between… — Daniel Kahneman Copy Share Image
“Mood evidently affects the operation of System 1: when we are uncomfortable and unhappy, we lose touch with our intuition.” — Daniel Kahneman Copy Share 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… — Daniel Kahneman Copy Share Image
“So this is my aim for watercooler conversations: improve the ability to identify and understand errors of judgment and choice, in others and eventually… — Daniel Kahneman Copy Share Image
“For example, I recently came to doubt my long-held impression that adultery is more common among politicians than among physicians or lawyers.” — Daniel Kahneman Copy Share Image
Survival prospects are poor for an animal that is not suspicious of novelty. — Daniel Kahneman Copy Share Image
“the idea of money primes individualism: a reluctance to be involved with others, to depend on others, or to accept demands from others.” — Daniel Kahneman Copy Share Image
Most of the moments of our life - and I calculated, you know, the psychological present is said to be about three seconds long;… — Daniel Kahneman Copy Share Image
“knowing little makes it easier to fit everything you know into a coherent pattern.” — Daniel Kahneman Copy Share Image
Experts don't know exactly where the boundaries of their expertise are. — Daniel Kahneman Copy Share Image
