The illusion of skill is not only an individual aberration; it is deeply ingrained in the culture of the [investment management] industry.

There are domains in which expertise is not possible. Stock picking is a good example. And in long-term political strategic forecasting, it's been shown that experts are just not better than a dice-throwing monkey.

Employers who violate rules of fairness are punished by reduced productivity, and merchants who follow unfair pricing policies can expect to lose sales.

Below an income of ... $60,000 a year, people are unhappy, and they get progressively unhappier the poorer they get. Above that, we get an absolutely flat line. ... Money does not buy you experiential happiness, but lack of money certainly buys you misery.

People who are cognitively busy are also more likely to make selfish choices, use sexist language, and make superficial judgments in social situations.

There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.

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.