If you can't take the time for a vacation right now, or even a night out with friends, put something on the calendar - even if it's a month or a year down the road. Then whenever you need a boost of happiness, remind yourself about it.

Adaptation seems to be, to a substantial extent, a process of reallocating your attention.

Most successful pundits are selected for being opinionated, because it's interesting, and the penalties for incorrect predictions are negligible. You can make predictions, and a year later people won't remember them.

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.

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

Banks are run by executives, and executives protect themselves, and that does not always mean that banks are going to behave rationally.

It was always assumed I would be a professor. I grew up thinking it.