You're surprised by something, but you don't really know what surprised you; you recognize someone, but you don't really know what cues cause you to recognize that person.

We don't see very far in the future, we are very focused on one idea at a time, one problem at a time, and all these are incompatible with rationality as economic theory assumes it.

You should not take your intuitions at face value.

All of us would be better investors if we just made fewer decisions.

I don't try to be clever at all. The idea that I could see what no one else can is an illusion.

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

Clearly, the decision-making that we rely on in society is fallible. It's highly fallible, and we should know that.