If people can construct a simple and coherent story, they will feel confident regardless of how well grounded it is in reality.

A general limitation of the human mind is its imperfect ability to reconstruct past states of knowledge, or beliefs that have changed. Once you adopt a new view of the world (or any part of it), you immediately lose much of your ability to recall what you used to believe before your mind changed.

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

People have little idea, by and large, of the investment world. They are convinced they have an advantage.

Human beings cannot comprehend very large or very small numbers. It would be useful for us to acknowledge that fact.

Acquisition of skills requires a regular environment, an adequate opportunity to practice, and rapid and unequivocal feedback about the correctness of thoughts and actions.

Alternative descriptions of the same reality evoke different emotions and different associations.