An investment said to have an 80% chance of success sounds far more attractive than one with a 20% chance of failure. The mind can't easily recognize that they are the same.

The evidence is unequivocal, there's a great deal more luck than skill in people getting very rich.

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

I have always emphasized the willingness to discard.

An investment said to have an 80% chance of success sounds far more attractive than one with a 20% chance of failure. The mind can't easily recognize that they are the same.

We're generally overconfident in our opinions and our impressions and judgments.

Most of the time, we think fast. And most of the time we're really expert at what we're doing, and most of the time, what we do is right.