Quote collection
205 quotes — follow a thought to its full quote page.
"Experienced happiness refers to your feelings, to how happy you are as you live your life. In contrast, the satisfaction of the remembering self refers to your feelings when you think about your life."
"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."
"One emphasis of my research has been on the question of how people spend their time. Time is the ultimate finite resource, or course, so the question of how people spend it would seem to be important."
"There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities."
"It was always assumed I would be a professor. I grew up thinking it."
"Lucky risk takers use hindsight to reinforce their feeling that their gut is very wise. Hindsight also reinforces others' trust in that individual's gut."
"The concept of happiness has to be reorganised."
"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.""
"You're surprised by something, but you don't really know what surprised you; you recognize someone, but you don't really know what cues cause you to recognize that person."
"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."
"Although professionals are able to extract a considerable amount of wealth from amateurs, few stock pickers, if any, have the skill needed to beat the market consistently, year after year."
"There is general agreement among researchers that nearly all stock pickers, whether they know it or not-and few of them do-are playing a game of chance."
"An executive might have a very strong intuition that a given product has promise, without considering the probability that a rival is already ahead in developing the same product."
"My impression is that the elimination of memories greatly reduces the value of the experience."
"People are very good [at] thinking about agents. The mind is set really beautifully to think about agents. Agents have traits. Agents have behaviors. We understand agents. We form global impression of their personalities. We are really not very good at remembering sentences where the subject of the sentence is an abstract notion."
"Banks are run by executives, and executives protect themselves, and that does not always mean that banks are going to behave rationally."
"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."
"Unfortunately, skill in evaluating the business prospects of a firm is not sufficient for successful stock trading, where the key question is whether the information about the firm is already incorporated in the price of the stock. Traders apparently lackthe skill to answer this crucial question, but they appear to be ignorant of their ignorance."
"Psychologists really aim to be scientists, white-coat stuff, with elaborate statistics, running experiments."
"The idea that you can ask one question and it makes the point - well, that wasn't how psychology was done at the time."