Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.

You could argue that [the decline of public schools] is one of the major disasters in our lifetimes. We took one of the greatest successes in the history of the earth and turned it into one of the greatest disasters in the history of the earth.

The game of life is the game of everlasting learning. At least it is if you want to win.

I think there's something to be said for developing the disposition to own stocks without fretting.

Just as a man working with his tools should know its limitations, a man working with his cognitive apparatus must know its limitations.

You must have the confidence to override people with more credentials than you whose cognition is impaired by incentive-caused bias or some similar psychological force that is obviously present. But there are also cases where you have to recognize that you have no wisdom to add - and that your best course is to trust some expert.

Although I am very interested in the subject of human misjudgment - and lord knows I've created a good bit of it - I don't think I've created my full statistical share, and I think that one of the reasons was I tried to do something about this terrible ignorance I left the Harvard Law School with.