If people do not know what is going to make them better off or give them pleasure, then the idea that you can trust people to do what will give them pleasure becomes questionable.

In a rising market, enough of your bad ideas will pay off so that you'll never learn that you should have fewer ideas.

You should not take your intuitions at face value.

Most of the moments of our life - and I calculated, you know, the psychological present is said to be about three seconds long; that means that, you know, in a life there are about 600 million of them; in a month, there are about 600,000 - most of them don't leave a trace.

Nothing in life is quite as important as you think it is while you're thinking about it.

Our comforting conviction that the world makes sense rests on a secure foundation: our almost unlimited ability to ignore our ignorance.

The brains of humans contain a mechanism that is designed to give priority to bad news.