Many people will admit that they made a mistake [putting money in dot-coms or telecoms at their peak] But that doesn’t mean that they’ve changed their mind about anything in particular. It doesn’t mean that they are now able to avoid that mistake.

The illusion that we understand the past fosters overconfidence in our ability to predict the future.

I have always emphasized the willingness to discard.

A person who has not made peace with his losses is likely to accept gambles that would be unacceptable to him otherwise.

It doesn't take many observations to think you've spotted a trend, and it's probably not a trend at all.

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

Odd as it may seem, I am my remembering self, and the experiencing self, who does my living, is like a stranger to me.