you know you have made a theoretical advance when you can no longer reconstruct why you failed for so long to see the obvious.
Daniel KahnemanA person who has not made peace with his losses is likely to accept gambles that would be unacceptable to him otherwise.
Daniel KahnemanUnfortunately, 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.
Daniel Kahneman