It's nonsense to say money doesn't buy happiness, but people exaggerate the extent to which more money can buy more happiness.

I would not advise people to buy a car or house without making a list. You will probably improve your intuitions by making a list and then sleeping on it.

One of the problems with expertise is that people have it in some domains and not in others.

Being wealthy is often a powerful predictor that people spend less time doing pleasurable things and more time doing compulsory things and feeling stressed.

We have associations to things. We have, you know, we have associations to tables and to - and to dogs and to cats and to Harvard professors, and that's the way the mind works. It's an association machine.

When action is needed, optimism, even of the mildly delusional variety, may be a good thing.

Money does not buy you happiness, but lack of money certainly buys you misery.