The conclusion is straightforward : self-control requires attention and effort.

If owning stocks is a long-term project for you, following their changes constantly is a very, very bad idea. It's the worst possible thing you can do, because people are so sensitive to short-term losses. If you count your money every day, you'll be miserable.

We are very influenced by completely automatic things that we have no control over, and we don't know we're doing it.

Facts that challenge basic assumptions-and thereby threaten people's livelihood and self-esteem-are simply not absorbed. The mind does not digest them.

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

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

We know that the French are very different from the Americans in their satisfaction with life. They're much less satisfied. Americans are pretty high up there, while the French are quite low - the world champions in life satisfaction are actually the Danes.