My impression is that the elimination of memories greatly reduces the value of the experience.

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

The 'Instagram Generation' now experiences the present as an anticipated memory

It's a wonderful thing to be optimistic. It keeps you healthy and it keeps you resilient.

Overconfidence is a powerful source of illusions, primarily determined by the quality and coherence of the story that you can construct, not by its validity.

There are some conditions where you have to trust your intuition.

Unfortunately, skill in evaluating the business prospects of a firm is not sufficient for successful stock trading, where the key question is whether the information about the firm is already incorporated in the price of the stock. Traders apparently lackthe skill to answer this crucial question, but they appear to be ignorant of their ignorance.